Short and sweet article for those of you who would like to know the details of the new rule. One of the bigger disappointments is that "The disclosure that a rep has to act as a fiduciary can now be put on the firm’s website" rather than in writing. Also, proprietary products are not specifically prohibited and advisors are permitted to offer variable annuities. How this can be done by a fiduciary remains to be seen - but I have faith in the financial sales industry!!! They will find a way!