National Federation of Independent Business filed 1 comment on this docket between Dec 20, 2023 and Dec 20, 2023. 2 other organizations filed here. The comment window closed 938d ago.
NFIB (National Federation of Independent Business) comment letter of December 7, 2023, on proposed Fiduciary Rule RIN 1210-AC02 and related proposed prohibited transaction exemptions D-12057, 12060, and 12094, in notices published at 88 Fed. Reg. 75890, 75979, 76004, and 76032 (Nov. 3, 2023), is attached.
Investment advice fiduciaries must avoid conflicts of interest when making transactions involving retirement plans and accounts unless they comply with a prohibited transaction exemption. In connection with its proposal to update its regulation defining a “fiduciary,” the Department of Labor is proposing to update PTE-2020-02 to provide additional protections for plans and investors and offer additional clarity for investment advice fiduciaries who want to receive compensation for their advice or engage in transactions that would otherwise violate federal law.
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