The Department of Labor
announced yesterday that its fiduciary rule will take effect on June 9 without
further delay. The regulation, which expands the definition of financial
planners who must meet the fiduciary standard — meaning they must always act in
the best interests of their clients and clearly disclose all fees — had been
met with resistance from financial companies.
Even Donald Trump and some
Republicans were against the original proposes date of implementation. Donald
Trump ordered a delay of the original implementation date by 60 days.
Labor Secretary Alexander
Acosta told the Wall Street Journal and Reuters that there was “no principled
legal basis to change the June 9 date while we seek public input,” but also
cautioned that the fiduciary rule didn’t necessarily track with the president’s
You’ve spoken and we’ve listened! We are excited to announce that the same great knowledge platform that you have come use and love over the years will be going through a rebrand and an upgrade. We believe that all good things don’t come to an end, but only evolve to be better.
WikiOmni will now officially be called Knowpia. Please make sure your access is now directed to KNOWPIA.COM from all of your devices.
In an effort to enhance the overall user experience, over the course of the next few months you will see a new and improved design layout with value-added features and advancements in functionality. Through extensive research & development, we know you will be happy with the new direction that we are taking to continue our vision to assemble the world’s largest platform of knowledge contributors. We thank you for taking this incredible journey with us!