Chicago Partner and Co-Chair of the Firm's Corporate and Transactional Department Michael Renetzky commented on the U.S. Department of Labor’s official submission of a proposal for an 18-month delay of the fiduciary rule's remaining components, noting that the DOL had first raised the possibility in August of postponing implementation. Renetzky said: "That said, the odyssey that has been the DOL fiduciary rule proposal, adoption and implementation has a tendency to cause one not to feel confident where anything will land until it is officially final. So, it is somewhat of a relief to see the filing of the final rule today."
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