Getting a record keeper to fill out a legal document needed to divide a retirement account could cost more than $1,200.
The DOL could propose a delay that would be subject to public comment, or the administration could issue an interim rule seeking delay based on "good cause."
Getting a record keeper to fill out a legal document needed to divide a retirement account could cost more than $1,200
Trump administration could put regulation on hold while courts decide its legality
You can play a large part in helping clients feel better equipped to handle such situations before they happen.
Picks up two Merrill Lynch groups with nearly $2 billion in assets; more deals might be on the horizon.
Lobbyists say the move could come as soon as Friday afternoon, or Monday, in the form of a directive to acting agency heads to postpone and review regulations that aren't yet operational.
The company's founders, who hail from Financial Engines, have grown the new business to $100 million in assets.
The brokers used an "in-and-out" scheme in roughly two dozen client accounts, which created "enormous losses," according to the SEC.
Allegations include receiving travel, prostitutes and drugs for steering business to two broker-dealers.
Severance pay does not count, nor do trailing insurance commissions.
Letter to 33 companies asks six questions, including whether they support the delay or would reverse course on changes already implemented if a delay occurs.
It's not clear how President-elect Donald J. Trump's nominee for Treasury secretary, Steven Mnuchin, would approach the Treasury estate-tax rule.
Severance pay does not count, nor do trailing insurance commissions.
Donald Trump can undo the new rules on financial advisers but not the new skepticism of their advice.
Seventy percent of Americans get a refund after filing their income taxes, yet many of us would rather go to the dentist than do the paper work.
The most surprising aspect of the second round of adviser FAQs is they concentrate on behaviors that will legally and appropriately circumvent fiduciary accountability.
Ms. White is departing the agency at noon on Friday, just as President-elect Donald Trump is sworn-in.
A Consumer Federation of America report says broker-dealers and trade groups claim they are advisers when marketing to the public but salesmen when fighting the DOL fiduciary rule in court.
