IMPACT OF THE DOL FIDUCIARY RULE ON THE CAPITAL MARKETS
The Department of Labor Fiduciary Rule, which took effect in 2016, had a significant impact on the financial services industry, particularly on investment advisors, broker-dealers, retirement plans, and individual investors. This law course aims to provide students with a comprehensive understanding of the rule’s impact on the capital markets, including the regulatory, legal, and practical implications for industry stakeholders. Through a combination of lectures, case studies, and analysis, students will gain a deep understanding of the fiduciary duty concept, the rule’s requirements for compliance, and its impact on various segments of the industry.
Course Goals:
-
To understand the history, background, and rationale for the Department of Labor Fiduciary Rule.
-
To explore the concept of fiduciary duty and its implications on the capital markets.
-
To analyze the impact of the rule on investment advisors and broker-dealers, including compliance requirements and practical implications.
-
To examine the impact of the rule on the retirement industry, including the challenges facing the industry and potential solutions.
-
To assess the impact of the rule on individual investors, including changes to investment products and services and investor protection and education.
-
To explore the political and legal challenges to the rule and potential changes to the rule in the future.
-
To provide students with the tools and knowledge necessary to analyze and address the impact of the Department of Labor Fiduciary Rule on the capital markets and industry stakeholders.