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Who Does the DOL's Conflict of Interest Rule Apply To?

Three elements must be present in order for the Rule to apply to an advisor communicating with a plan participant or an IRA owner.

W. Scott Simon is a principal at Prudent Investor Advisors, a registered investment advisory firm. He also provides services as a consultant and expert witness on fiduciary issues in litigation and arbitrations. Simon is the recipient of the 2012 Tamar Frankel Fiduciary of the Year Award.

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