During a comprehensive presentation on the Department of Labor's fiduciary rule, attorney Marcia Wagner called the regulation "the most significant and groundbreaking rulemaking to ever emerge" from the DOL.
The advisors and stakeholders endeavoring to adapt to the massive rule are likely in agreement with Wagner, founder of Boston-based The Wagner Law Group, a firm specializing in consulting and litigating matters under the Employee Retirement Income Security Act.
During an hour-long webinar hosted by the Retirement Income Industry Association, Wagner interpreted the roughly 1,000-page edict in clean bullet points, accompanied by her elaboration of the rule's impact on industry.
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