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DOL drops defense of Biden-Era fiduciary rule, plans new standard by May
Expert Opinion December 11, 2025 at 04:10 PM
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What You Need To Know
- Fiduciary regulation efforts are not entirely dead — PTE 2020-02 is still in effect.
- The historically applicable five-part fiduciary standard test will remain in place.
- Before executing any transaction, an advisor must disclose why the recommendation is being made.