DOL fiduciary rule stalls again as brokerage industry makes last-minute push against it

A Department of Labor proposal that would impose a fiduciary standard on retirement advisers appears to have stalled yet again as the financial industry makes one more, eleventh-hour bid to try to change it before it is released publicly. For a couple of weeks, participants in the hotly contested debate over the rule have been waiting for the DOL to send it to the Office of Management and Budget for analysis. On its regulatory agenda, DOL had indicated that it would act on the rule last month. More on Investment News here.