Joseph A. Lifsics, Christine S. Matott, Sabrina C. Glaser and Theodore Brown

Kirkland Discusses Labor Department’s Proposed Rule on Definition of “Investment Advice” Fiduciary

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On November 3, 2023, the U.S. Department of Labor (the “DOL”) published a proposed regulation (the “Proposed Rule”) expanding the definition of “investment advice” for purposes of determining which parties are subject to fiduciary status under …