Fiduciary Standards, Yes. DOL Rule, Maybe
By Sean Forbes
“It is extremely difficult to get individual firms to commit to a clear position on the fiduciary rule,” Seth Rosenbloom, associate general counsel for New York-based Betterment, told Bloomberg BNA. “One common tactic, which is evident here, is to provide a general statement about the importance of the rule’s objectives, but no clear commitment to its actual implementation.”
And that suggests that the fight will go on.