DOL Reproposes Fiduciary Rule for ERISA Plans and IRAs | Practical Law
On April 14, 2015, the Department of Labor (DOL) issued a proposed rule defining the term fiduciary for investment advisers and brokers providing investment advice to participants or beneficiaries of ERISA-governed employee benefit plans and individual retirement accounts (IRAs). The DOL also issued several new and amended versions of prohibited transaction exemptions in connection with the proposed rule.