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Subscriber OnlyPoliticsU.S. Rule to Protect Retirement Savers Dies QuietlyDeadline passes for administration to defend fiduciary ruleSEC weighing its own approach for putting clients firstPhotographer: Michele Limina/BloombergByNeil Weinberg+FollowJune 15, 2018, 4:20 PM UTCThe “fiduciary rule” is officially dead.The Labor Department rule, conceived by the Obama administration, was meant to ensure that advisers put their clients’ financial interests ahead of their own when recommending retirement investments.
