Update on the U.S. Department of Labor Conflict of Interest Rule
On March 15, 2018, the Fifth Circuit Court of Appeals issued a decision vacating the U.S. Department of Labor’s Conflict of Interest Rule (“DOL Fiduciary Rule”) in its entirety. This decision, which became effective via the Fifth Circuit’s mandate issued on June 21, 2018, rescinds the validity of the DOL Fiduciary Rule and its applicability to Park Avenue Securities LLC and its financial representatives. As a result, the disclosures previously provided on this page related to the DOL Fiduciary Rule are no longer applicable or available.
Fully registered with the Securities and Exchange Commission (SEC) and a member of the Financial Industry Regulatory Authority (FINRA), Park Avenue Securities was created exclusively for Guardian’s financial professionals to meet the investment objectives of their clients.
Securities products/services and advisory services offered through Park Avenue Securities LLC, a registered broker-dealer and registered investment adviser. Park Avenue Securities is an indirect, wholly owned subsidiary of The Guardian Life Insurance Company of America and is located at 7 Hanover Square, New York, NY 10004. Member FINRA , SIPC . Guardian Insurance & Annuity Company, Inc. is a wholly-owned and fully integrated subsidiary of Guardian Life Insurance Company of America (GLIC) that issues variable annuities and variable life insurance policies; moreover, Guardian Life Insurance Company of America (GLIC) issues life insurance and fixed annuities.
This website is intended for general public use. By providing this content, Park Avenue Securities LLC is not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact a financial professional for guidance and information specific to your individual situation.
2018-62064 (Exp. 06/20)