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Opponents troubled by mere 60-day delay of DOL fiduciary rule
But the Labor Department says 'there is little basis for concluding that advisers need still more time before they will be ready to give advice that is in the best interest of retirement investors.'
Jay Clayton approved by Senate panel to be SEC chairman
The full Senate is expected to vote on the nomination later this month.
SEC rejects appeal by Dawn Bennett
The commission's March 30 opinion clears the way for Ms. Bennett to move forward with her federal court claims that the agency's in-house forum is unconstitutional.
DOL fiduciary delay final rule expected to be released Wednesday
Agency pushes back implementation date just before April 10 deadline
DOL releases final rule delaying fiduciary implementation
Under the measure, the April 10 applicability date will be pushed back to June 9.
Advisers must seize opportunity to deliver best-interest advice to clients
New fiduciary standard will lead industry forward regardless of DOL rule outcome.
Be vigilant about scams and fraud involving elder clients
If you succeed in warning clients away from just one scam or fraud, their gratitude, respect and loyalty will be unsurpassed
Jay Clayton talked to several wealthy Trump backers before nomination to SEC
Nominee had conversations with Peter Thiel, Rebecca Mercer, Stephen Bannon and Carl Ichan as some Democrats question whether he will be a tough regulator.
Savvy RIAs are waving the fiduciary flag
Regardless of DOL gridlock, RIAs are embracing their fiduciary status and promoting it to prospective clients.
Why do we need self-regulatory organizations? – Cook
Broad questions on the rationale for SROs in the securities industry provide a starting point for the regulator to review and hone its mission, says CEO Robert Cook.
SEC bars ex-LPL broker already serving 12-year prison sentence
Thomas Caniford pled guilty to securities fraud, publishing false statements and theft from the elderly.
MassMutual to level 401(k) fees for its brokers
The business changes eliminate variability in 401(k) fees and reduce the appearance of any conflicts of interest.
Senate votes to kill city auto-IRA rules
The Obama-era regulations will likely be scrapped by President Trump, whose administration has already taken a stance against them.
Senate bill aims for higher SEC enforcement penalties
The bi-partisan legislation would permit the regulator to pursue larger fines through its administrative process
DOL fiduciary rule supporters question agency’s quick read of comment letters before sending final delay to OMB
Advocates for the rule say the Trump Department of Labor is moving too quickly.
DOL sends final fiduciary rule delay to Office of Management and Budget
The OMB will review the final rule and, if it approves the measure, send it back to the DOL to finalize the delay.
DOL fiduciary rule changes not one size fits all
Broker-dealer changes affect how advisers can do business.
Pooled employer plans set to dominate small 401(k) market
Market forces are in place for the so-called pooled employer plan (PEP for short)…
Finra bars broker charged in NY pension fund hookers, strippers and drug scandal
The "pay-for-play" bribery scheme involved the $184 billion New York State Common Retirement Fund and payments for hookers, strippers and drugs.
Employee feud scaring clients of Independent Portfolio Consultants
Workers tried to force TAMP into bankruptcy, then pulled petitions, but damage was done.
