Archived News Release — Caution: Information may be out of date.
Washington— The U. S. Department of Labor’s Employee Benefits Security Administration (EBSA) will hold a public hearing Oct. 21, 2008, to hear testimony on a proposed regulation and class exemption for the provision of investment advice. The hearing will begin at 8:00 a.m. in Room S-3215 A-B, 200 Constitution Avenue, NW in Washington, DC.
On Aug. 22, 2008, the department published in the Federal Register a regulatory proposal and a proposed class exemption concerning the provision of investment advice to participants and beneficiaries of self-directed individual account plans, such as 401(k) plans, and Individual Retirement Arrangements (IRAs).
In view of the importance of these proposals to participants and beneficiaries, the department decided to hold a public hearing to afford interested persons the opportunity to supplement their written comments with information relevant to the department’s development of a final rule and class exemption. The department expects that persons testifying at the hearing will present information not previously addressed in their written comments.
Persons wishing to testify at the hearing should submit by Oct. 16, 2008 an outline of topics to be discussed via the internet to e-ORI@dol.gov. Information on the hearing agenda will be posted on the EBSA’s Web site at www.dol.gov/ebsa.
U.S. Department of Labor news releases are accessible on the Department's Newsroom page. The information in this news release will be made available in alternate format (large print, Braille, audio tape or disc) from the COAST office upon request. Please specify which news release when placing your request at 202.693.7828 or TTY 202.693.7755. The Labor Department is committed to providing America's employers and employees with easy access to understandable information on how to comply with its laws and regulations. For more information, please visit the Department's Compliance Assistance page.
Archived News Release — Caution: Information may be out of date.
