Displaying 236 results
Advocates push to delay DOL fiduciary rule delay; industry waits for likely stall
Only supporters of the DOL rule have met with Office of Management and Budget officials, while industry groups have kept their distance.
Campaign spending up among advice groups
Brokerage, insurance and mutual fund groups spend more money than investment advisers in quest to gain the ear of lawmakers on both sides of the political aisle.
Dallas court approval of DOL fiduciary rule bolsters supporters’ case
The loss in Texas was the third that industry plaintiffs have suffered in courts around the country and perhaps the one that stung the most. Plus: John Bogle on why demise of fiduciary rule would be 'step backward' for nation
DOL fiduciary rule delayed 180 days by Trump directive
The move scrambles the fierce six-year battle over the rule, which would require financial advisers to act in the best interests of their clients in retirement accounts. Plus: Advisers react to Trump's DOL fiduciary rule decision
Justice Department continues to defend DOL fiduciary rule in court
Some experts anticipate the Trump administration will abandon the legal fight, but that hasn't happened yet.
Finra’s new chief Robert Cook vows to take a ‘fresh look’ at enforcement
Robert Cook acknowledged that he's heard loud and clear the complaints brokerage industry executives have with their principal regulator.
DOL fiduciary rule not yet caught up in Trump maelstrom
Speculation is mounting as to what is taking the administration so long to act. Is President Trump waiting for his DOL secretary nominee to be approved? Or is he finding it harder to repeal than expected?
FSI expects a more business friendly environment in 2017
Lobbying group for independent broker-dealers lays out its annual agenda
FSI renews efforts to scrap DOL rule and push for universal standard by SEC
The trade group for independent broker-dealers will take the offensive in trying to shape the kind of fiduciary standard it believes will be advantageous for its business in the future.
More states likely to approve senior financial abuse regulations
The North American Securities Administrators Association's model rule requires that financial advisers report suspected abuse to state and other authorities, allows them to stop disbursements from seniors' accounts and gives them protection from liability.
IBDs overwhelmingly say Trump should revoke fiduciary rule: survey
Nearly 90% of respondents to a Financial Services Institute survey indicate their support for repeal.
DOL overtime rule could raise employment costs for support staff
Under the regulation, any employee who makes less than $47,476 annually will earn overtime pay.
Trump administration must overcome obstacles to kill DOL fiduciary rule
The new president cannot simply rip up the regulation, which became effective in June. (More: Biotech, healthcare, banks and energy may benefit from Trump's policies)
Adviser groups boost political spending to gain Capitol Hill influence
At least four trade associations reached their highest levels of donations in this election cycle, the FEC reports.
Finra’s arbitration process: Challenging the system to find the right answers
The Financial Services Institute is pleased to see the regulator putting forward a broad-ranging slate of common-sense improvements, writes FSI CEO Dale Brown.
DOL issues final rule to help states establish workplace retirement savings programs
State plans would not be subject to ERISA, which some in the industry fear will give them a leg up on private plans.
Brokerage groups’ higher spending on lobbying doesn’t kill DOL fiduciary rule
Despite heavily outspending investment adviser groups on lobbying lawmakers in the second quarter, industry trade associations didn't succeed in a key goal.
Adviser, insurance groups step up spending on political campaigns
Some have a board mandate to shell out more, while others have been encouraged by seeing their donations enhance their lobbying efforts.
With anti-DOL fiduciary rule lawsuits, industry organizations’ actions speak louder than words
How can those suing to quash the DOL rule, like SIFMA CEO Ken Bentsen Jr., claim to also support its premise?
Litigation schedule set for suits against DOL fiduciary rule
The plaintiffs and Labor Department are seeking summary judgment for the cases in a Dallas federal court, with a decision possible in October.
