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While these proposed rules can change who is considered a fiduciary...it doesn't change the "types" of fiduciaries out there. Here is the current fiduciary landscape in the financial industry (In a simple pie chart) http://www.wallstreetrant.com/2011/11/current-fiduciary-landscape-in.html
Commented Nov 13, 2011 on Fiduciary Links: Borzi insists re-proposed fiduciary rule will have teeth at fi360 Blog
Fiduciary Links: Borzi insists re-proposed fiduciary rule will have teeth
>>>In comments made at the ASPPA annual conference last week, EBSA head Phyllis discussed what to expect when DOL re-proposes the rule amending the definition of fiduciary under ERISA. Borzi said, “What we’re trying to do in this regulation is focus on updated, modernizing and protecting people’...
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Nov 12, 2011
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