On October 21st, the Department of Labor's Employee Benefits Security Administration published for comment a proposed rule amending a 1975 regulation that defines when a person providing investment advice becomes a fiduciary under ERISA. The proposed rule is designed to remedy potential conflicts of interest and clarify when individuals providing investment advice are subject to ERISA's fiduciary standards. Comments should be submitted on or before January 20th, 2011. Department of Labor Press Release.