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If you thought the DOL had an impossible task of crafting a rule that protected all business models, consider the conflicts within the SEC. (Photo: Shutterstock)

Eminent fiduciary commentator and well-respected ERISA attorney Fred Reish believes if the DOL opts not to appeal the 5th circuit decision to vacate its fiduciary rule, the rule is as good as dead (see “Exclusive Interview: Fred Reish says DOL ‘Conflicted’ Over Conflict-of-Interest Rule Appeal,” FiduciaryNews.com, April 17, 2018). However, he says, “while the particulars” may have been killed, the principles are not necessarily dead.

Christopher Carosa

BenefitsPRO

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