Results for "fiduciary"

Displaying 698 results

Sort: Date | Relevance

Author:

CFP Board makes changes to proposed code of ethics, will seek more comments

November 15, 2017

The Certified Financial Planner Board of Standards Inc. has made changes to a revised code of ethics and standards for CFPs and will seek further comments before finalizing them, the group's chairman said on Wednesday. Earlier this summer, the...

Borzi: Hard for Acosta to justify long DOL fiduciary rule delay

November 10, 2017

A former Obama administration official known as the architect of the Labor Department's fiduciary rule said Friday she doubts the agency's current leadership can justify the long implementation delay it is seeking. Phyllis Borzi, former assistant...

J.P. Morgan settles lawsuit on alleged fiduciary breach in stable value funds

November 8, 2017

An ERISA class-action lawsuit against J.P. Morgan Chase alleging a breach of fiduciary duty in its stable value fund by a class of participants has been settled for $75 million, a court document announcing the agreed settlement shows. The settlement...

DOL fiduciary: OMB receives rule providing for 18-month delay

November 2, 2017

The Labor Department has sent a final rule for an 18-month delay of its fiduciary regulation to the Office of Management and Budget for review. The OMB posted on its website Thursday morning a notice that it had received the delay language from...

Judge grants injunction against DOL fiduciary rule in Thrivent lawsuit, halts case

November 6, 2017

A Minnesota federal judge has issued a preliminary injunction against the Labor Department's fiduciary rule, but also has granted a stay in the case. In a Nov. 3 decision, U.S. District Judge Susan Richard Nelson held that Thrivent Financial...

SEC and DOL should agree on tough fiduciary rules

October 26, 2017

Harmonization is a beautiful concept. In standards-setting it means bringing into agreement different systems that have evolved separately to reduce or eliminate redundancies or conflicts. Yet the mechanics can be complicated, constrained by...

Treasury encourages DOL to consider fiduciary-rule harm

October 27, 2017

A new Treasury Department report outlines potential harm being caused by the Labor Department's fiduciary rule and tells the agency to keep those consequences in mind while it reviews the regulation. Administration skepticism about the DOL rule...

Clayton says SEC can't simply take over DOL fiduciary rule

October 24, 2017

Industry opponents of the Labor Department's fiduciary rule want the Securities and Exchange Commission to swoop in and take over rulemaking on investment advice standards, but the agency can't simply stop the DOL regulation, SEC Chairman Jay...

Wells Fargo requires advisers to use level fees for new 401(k) business

November 14, 2017

Wells Fargo Advisors is requiring that financial advisers servicing 401(k) plans do so in a level-fee arrangement for new business, as have other large brokerage firms, in response to the Department of Labor's fiduciary rule. "We have moved...

Merrill Lynch swells ranks of fiduciary 401(k) advisers by over 3,000

November 8, 2017

Merrill Lynch Wealth Management is charging into the fiduciary fray with lightning speed. Since March, when the wirehouse brokerage announced plans to transition its defined-contribution-plan business to a fiduciary model in response to the...

Retirement plan advisers, providers hit 'pause' on DOL fiduciary rule compliance

November 7, 2017

The likelihood of a delay to elements of the Department of Labor fiduciary rule has caused some retirement plan advisers and providers to re-evaluate some of the steps they'd taken or had planned to take to comply with the regulation, a panel...

Trump nominates Senate aide for post overseeing DOL fiduciary rule

October 13, 2017

A senior Senate aide has been tapped to head the Labor Department's office with direct authority over the agency's fiduciary rule. The White House announced Thursday night that Preston Rutledge, senior tax and benefits counsel on the Senate...

Preston Rutledge, senior aide on Senate Finance Committee, could be filling Phyllis Borzi's old post at DOL

October 11, 2017

A senior aide on the Senate Finance Committee could be in line to be the next point person on the Labor Department's fiduciary duty rule. President Donald J. Trump will nominate Preston Rutledge, senior tax and benefits counsel on the panel,...

Consumer Federation of America claims brokerage firms may be violating DOL fiduciary rule

October 5, 2017

This story has been updated to reflect clarifications from the Consumer Federation of America and other information, as well as a statement from Fidelity Investments. The Consumer Federation of America is calling on multiple regulatory bodies...

SEC chief Jay Clayton tells lawmakers agency is drafting its own fiduciary duty rule

October 4, 2017

Securities and Exchange Commission Chairman Jay Clayton told lawmakers on Wednesday that the agency is drafting a proposal for a fiduciary rule. The agency is trying to catch up with the Department of Labor, which partially implemented its own...

Judge dismisses lawsuit against Fidelity alleging fault in Delta 401(k)

October 4, 2017

A U.S. District Court judge in Boston has dismissed a lawsuit against two units of Fidelity Investments, which were accused by participants in a Fidelity client's retirement plan of violating fiduciary duties. The plaintiffs are participants...

401(k) advisers under pressure to keep up with due diligence of investment products

October 24, 2017

Regulation and market forces are driving rapid evolution of investment products. Costs are coming down, conflicts are coming under closer scrutiny, and competitive pressures – along with shifting investor objectives – are reshaping new product...

SIFMA: State-level fiduciary rules would confuse investors

October 6, 2017

A major financial industry trade association is warning today that state-level fiduciary duty laws would confuse investors and financial advisers rather than deliver the protections envisioned by the measures. In testimony today in Las Vegas,...

PIABA selects Andrew Stoltmann as new president

October 23, 2017

Chicago attorney Andrew Stoltmann has been selected as president of the Public Investors Arbitration Bar Association, replacing outgoing Ohio attorney Marnie Lambert. PIABA is a not-for-profit, voluntary bar association of lawyers who represent...

House panel approves legislation to kill DOL fiduciary rule, and 2 other adviser-related bills

October 12, 2017

The House Financial Services Committee on Thursday approved legislation that would kill the Labor Department fiduciary rule and replace it with an investment advice regulation to be written by the Securities and Exchange Commission. In a 34-26...

Next Page »

1 | 2 | 3 | 4 | 5 ... 35