A few months ago, the Department of Labor (DOL) announced that it would delay the effective date of the final investment advice regulations to allow additional time for legal and policy review of the rules (seeBenefit Beat, April 2009). Although the final regulations were to become effective on May 22, 2009, the DOL has further delayed the effective and applicability date of these regulations until November 18, 2009.
The information contained in this Benefit Beat is not intended to be legal, accounting, or other professional advice, nor are these comments directed to specific situations.
As required by U.S. Treasury rules, we inform you that, unless expressly stated otherwise, any U.S. federal tax advice contained in this Benefit Beat is not intended or written to be used, and cannot be used, by any person for the purpose of avoiding any penalties that may be imposed by the Internal Revenue Service.
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