The U.S. Department of Labor released its final independent contractor rule this week, aimed at defining whether an individual is an employee or an independent contractor under the Fair Labor Standards Act. The rule could threaten the classification of many financial advisors from coast to coast and cause a reduction in the number of advisors serving American consumers. NAIFA has provided extensive commentary and testimony to the DOL before the rule’s release, and we are reviewing the 300+ page rule so that we can comment on its potential impacts.
Join Diane Boyle and Michael Hedge from NAIFA's Government Relations team on Friday, January 19th at 12 pm eastern to provide members a debrief on the rule, actions to date, and what NAIFA is doing to advocate for your business.