Briggs and Morgan and Industry Professionals Discuss the DOL Fiduciary/Conflict of Interest Rule (Fiduciary Duty Rule) and Related Prohibited Transaction Exemptions

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November 7, 2016

To view materials from the presentation, as well as additional materials regarding the effects of the Rule on specific areas in the financial services industry, click here. 

The Department of Labor’s (DOL) Fiduciary/Conflict of Interest Rule (also known as the Fiduciary Duty Rule) will greatly impact employers and the financial industry when it goes into effect in 
April 2017.

Briggs and Morgan attorneys collaborated with industry professionals to present a comprehensive seminar detailing the Rule’s provisions and its effects on financial institutions, advisers, and retirement plan sponsors. The in-depth discussion about the new Rule, “The DOL Fiduciary Rule: Trick or Treat?” featured Eric Marhoun, General Counsel at Fidelity & Guaranty Life; Paul Johnston, General Counsel at Thrivent Financial; and Javier Chavez, Jr., Area Assistant Vice President at Arthur J. Gallagher & Co. 

Topics covered included ERISA and the tax code, the DOL Fiduciary Duty Rule and related Prohibited Transaction Exemptions, the effect on the financial services industry, including insurance companies, issuers and underwriters of municipal securities, broker-dealers, advisers, plan sponsors, fraternal benefit societies and ADR, and E&O coverage for claims based on the rule.