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Vanguard Asks DOL To Delay Implementation Of Fiduciary Rule To Minimize Disruption

TedTed
in Fund Discussions
FYI: On March 17, Vanguard filed comments urging the Department of Labor to delay the implementation date of the Fiduciary Rule by at least 12 to 18 months.
Regards,
Ted
https://pressroom.vanguard.com/nonindexed/Proposed-Delay-Comment-Letter.pdf

Comments

  • BobCBobC
    Disappointing, to say the least. There has been PLENTY of time to digest the rule and get ready for its implementation. A number of companies already implemented on January 1. There is NO non-political or fair reason for delay. It simply allows the annuity and other commission folks more time to bilk investors.
  • Derf
    I thought I heard DT wants to remove Fiduciary Rule & place it in the garbage can along with Obama Care ?
    Derf
  • Old_JoeOld_Joe
    @Derf- Yes, that's my belief also. So is Vanguard simply trying to run out the clock?
  • LewisBraham
    Somewhere Bogle is grimacing.
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