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What becomes of clean shares if Labor walks away from fiduciary rule?

Industry concerns and the 5th Circuit decision on the fiduciary rule may slow clean share emergence.

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Abstract chart For all of the promise initially seen in clean shares, some of industry’s most influential players have since raised concerns to Labor and the SEC. (Photo: Fotolia)

Before the Labor Department formally delayed the full implementation of the fiduciary rule in November of 2017, regulators were sending clear signals that clean shares of mutual funds would play a prominent role in revisions to the regulation.

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Nick Thornton

Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.

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