Everybody's talking about the revised fiduciary regulation that came out yesterday. You probably haven't yet read through the full 208 pages of the proposal, nevermind the 317 pages for the best interest contract exemption (BICE), the 192 pages for the class exemption for principal transactions, the 30 pages for the first prohibited transaction exemption amendment, the 105 pages for the second prohibited transaction exemption amendment, 54 pages for the class exemption amendments, the 117 pages for the third prohibited transaction exemption amendment, or the 395 pages for the regulatory impact analysis. That's 1,418 pages in all, not counting the technical appendices to the regulatory impact analysis.

Michael Colangelo Department of Labor Chief of Staff

So, instead of having you dig through all that right away, here are some of the fast reactions so far: "Boston-area finance giants react to Obama rule on retirement advice", the Boston Business Journal

"Reactions to the Labor Department's Fiduciary Rule", the Wall Street Journal

"Service Providers Start Final Fiduciary Rule Analysis", PlanSponsor

"From Hillary Clinton to Charles Schwab, top quotes on the DoL fiduciary rule", InvestmentNews

"Fiduciary Round-Up: The Retirement Industry Responds to the DoL's Updates", 401kWire

"Best-interest standard is a game-changer for IRA rollovers", Reuters

"New rules set to make retirement industry more accountable", the Boston Globe

"General retirement education won't trigger fiduciary standard", Employee Benefit News

"DoL Leaves the Door Open For Rollovers", FA magazine

"Fiduciary rule adds more oversight to plan sponsor responsibilities", Employee Benefit News

"How the DoL Fiduciary Rule Will (and Won't) Affect RIAs", ThinkAdvisor

"Five things to know about the new rules for retirement advisors", the Los Angeles Times

"What the new U.S. fiduciary rule means for you", Reuters

"What New Rules on Retirement Savings Mean for Investors", the New York Times

"Labor Department Issues Final Fiduciary Rules", Barron's

"Labor Department rule sets new standards for retirement advice", the Washington Post

"U.S. weakens retirement advice rule, responding to industry", Reuters

"U.S. Softens New Retirement Rule", the Wall Street Journal

"New Fiduciary Rules More Lenient Than Expected", Morningstar

"They Want Your IRA", the Wall Street Journal

"U.S. securities regulator says 'disappointed' by retirement advice rule", Reuters

"Rejecting DoL Concessions, Republicans Vow to Battle On", On Wall Street

"The DOL's final rule contains litany of 11th hour concessions to brokers that show Wall Street lobbyists earned their keep", RIABiz

"Conflict of Interest Rule Could Save Americans Billions in Retirement", Bloomberg

"Merrill Lynch sees many industry concerns addressed in retirement advice rule", Reuters

"Retirement Savers Get Added Protections From New Rules For Brokers", Investor's Business Daily

"Initial Reaction to Fiduciary Rule Mostly Positive", PlanSponsor

"Organizations largely applaud new DOL fiduciary rule", Pensions & Investments

"Perez expresses confidence final DOL rule will survive opposition", InvestmentNews

"Dems Join Perez to Pitch the DoL's 'Common Sense Reform'", 401kWire 

Edited by: Neil Anderson, Managing Editor


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