The Labor Department announced that it will delay the start date of its retirement savings rule for 60 days. Officials will use the extra time to contemplate whether the rule should be edited or thrown out. Originally set to go into effect on April 10, the delay will push the start date until June 9. The retirement savings rule seeks to protect retirement savers from conflicts of interests and requires brokers to put clients' interests first. Last month, President Trump requested a reevaluation of the rule to see if it harms consumers by limiting investment opportunities.
See "Labor Department proposes 60-day delay of retirement savings rule", Jonnelle Marte, The Washington Post, March 1, 2017