Frederick S. Lamb's painting of William Penn at the Brooklyn Museum. William Penn (14 October 1644 â 30 July 1718) was the son of Sir William Penn, and was an English real estate entrepreneur, philosopher, early Quaker, and founder of the Province of Pennsylvania, the English North American colony and the future Commonwealth of Pennsylvania.
The final rule also contains significant changes that reflect the extensive public comments on the proposed rule received by the DOL. Read our in-depth analysis about the final rule. Effective Date: June 7, 2016 (60 days after the scheduled Federal Register publication date of April 8)
The Fiduciary Rule: Pros and Cons. Here's what the fiduciary rule means and why many people are opposed to it. On February 3, 2017, President Donald Trump signed an executive order that asks for a Labor Department review of the fiduciary rule, which will almost certainly delay its implementation beyond the currently-scheduled April 10, 2017 date.