The Labor Department has released 34 FAQs providing additional guidance related to its final rule expanding the definition of an investment advice fiduciary for ERISA purposes. This first set of FAQs principally addresses issues under the complex of prohibited transaction exemptions issued or revised in conjunction with the new rule. 

The Labor Department has released 34 FAQs providing additional guidance related to its final rule expanding the definition of an investment advice fiduciary for ERISA purposes. This first set of FAQs principally addresses issues under the complex of prohibited transaction exemptions issued or revised in conjunction with the new rule.