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Commentary

What's Happened and What's Next for the Fiduciary Rule

The rule has gone through several developments since President Trump took office, but we expect its fundamental principles to survive.

It's been over six months since President Donald Trump took office. After his election, many assumed the fiduciary rule was dead, but it hasn't worked out that way.

We've seen a lot of review and questions from regulators, but the fundamental principles of the rule look like they are going to survive. With Wednesday's news reports that the administration is seeking to further delay the full implementation date, we thought it would be helpful to review a timeline of developments related to the rule during the Trump administration and what they tell us about what's next.