Merrill Lynch Considering Rolling Back Some DOL Changes?
As the DOL announces a possible delay in the new fiduciary rule and some industry experts expecting an eventually removal of the rule, companies are reacting. For instance, Merrill Lynch, one of the largest wirehouses in the country, is showing signs of backpedaling with regards to a full move from commission based accounts to fee accounts. Check out the InvestmentNews article published exactly one month from the supposed DOL roll out date to see what is going on.