Newly minted Department of Labor (DOL) Secretary Alexander Acosta announced on May 23 that the DOL will let initial implementation of the rule, first slated for April 10, go forward.  Writing in a Wall Street Journal op-ed, Acosta also said that DOL will reassess the entire rule, as required by President Trump in February, after receiving additional public comment.

The two requirements that kick in on June 9:  a broader scope of advisers who must serve as fiduciaries and new impartial conduct standards.