Bradford Campbell, an ERISA attorney and former head of the Employee Benefits Security Administration, discusses how the Labor Department's new fiduciary rule flies in the face of the Earth Day celebration, due to thousands of pages of required disclosures and printouts of the regulation's text.
<i>InvestmentNews</i> debates whether the battle over holding advisers to a strict fiduciary standard for retirement accounts will end up in court. <i>(More: <a href="//www.investmentnews.com/section/fiduciary-focus"" target=""_blank"" rel="noopener noreferrer">Coverage of the DOL rule from every angle</a>)</i>
Lobbying group talks about priorities at private client conference in New York.
Mutual fund giants bank on low-cost index funds, robos to prosper in wake of the Labor Department's regulation.
Although the board relented, it does have a $10 million fundraising goal for its new Center for Financial Planning.
Regulators concerned about systematic risk in a market rout.
The more we do to help clients understand conflicts of interest, the better we can serve their interests.
Massachusetts Democrat calls Stamford Harbor a 'mockery' of the SEC's mission.
Executives from broker-dealers and RIAs say the fallout would create opportunity for advisers specializing in 401(k) plans to steal business away from “generalist” advisers.
Brian Graff, the executive director of NAPA, equates the rule to an infant that “pees you in the face,” joining a large chorus of observers citing the complexity of the new regulation and the massive shake-up it will have on the industry.
The agency's final reg will allow the asset class to be sold after all.
Wine mogul Peter Deutsch is seeking as much as $500 million in damages from Fidelity for a bad investment in one Chinese stock.
U.K., Australia both passed fiduciary rules, though their versions weren't limited to retirement advice. How have they fared, and what can U.S. advisers learn from them? </br><b><i>(More: <a href="//www.investmentnews.com/section/fiduciary-focus"" target=""_blank"" rel="noopener noreferrer">Coverage of the DOL fiduciary rule from every angle</a>)</b></i>
The retirement plan sponsor role comes with a very clear set of regulatory obligations to the Department of Labor &mdash; whether your clients are aware of them or not.
Measure would square the safe harbor already provided to mutual funds.
Officials to debate whether to reinstate risk assessment
While the Labor Department's modifications in the final rule have muted industry opponents for the moment, Congress continues the old fight.
Three GOP senators co-sponsor a resolution to kill the regulation, though it's seen as symbolic, as President Obama would surely veto the measure if it passed.
A professor formed an initiative to define the term and help advisers understand the DOL's fiduciary rule.
<i>Breakfast with Benjamin</i> The dust around SAC Capital has settled enough so that Steven Cohen has a new entry point into the asset management business.
