On September 19, 2011 EBSA announced that it will repropose its rule on the definition of a fiduciary.
The proposed regulations issued in October 2010 elicited over 260 comment letters. The press release indicated that "additional time ensures strongest possible protection for retirement savers, business owners".
The new proposed rule is expected to be issued early in 2012.
The press release can be found on EBSA's website.
