Displaying 201 results
DOL fiduciary rule opponents want to push implementation back until 2019
ICI, Chamber of Commerce among groups asking for delay, while Democratic lawmakers call on DOL to keep to its earlier planned schedule of Jan. 1, 2018.
SEC reasserts itself on investment-advice standards, but it’s not clear whether it will overtake DOL fiduciary rule
New SEC Chairman Jay Clayton makes request for comment on fiduciary duty one of his first actions, as DOL reasseses its measure.
Phyllis Borzi says opponents of DOL fiduciary rule face uphill climb to further delay or dilute it
Former assistant Labor secretary who crafted the rule says President Trump won't be able to get rid of it simply because he doesn't like it.
DOL fiduciary rule opponents, lawmakers call for further delay at House hearing
Opponents cite new evidence of harm to small account holders
Opponents of DOL fiduciary rule want SEC to modify suitability standard
ICI chief executive Paul Schott Stevens is the latest to telegraph the route the financial industry wants the agency to take.
ICI head casts doubt on further delay of DOL fiduciary rule
Paul Schott Stevens says prospects for a delay are 'uncertain' and that the rule 'is already causing great harm.'
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.
Adviser, fund groups call on SEC to review rules and ‘give us a breather’
Regulator should assess whether requirements on the books — including for advertising, custody — are working, and just generally slow down, according to advocates for the profession and industry.
Financial industry expects quick action from Trump to delay DOL fiduciary rule
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.
SEC clarifies how funds should disclose fee changes to comply with DOL fiduciary rule
The agency's Division of Investment Management provides guidance on how to communicate changes to sales loads that level compensation for brokers.
Investment Company Institute says DOL rule is already depriving investors of financial advice
Some people turned away by their brokers are contacting mutual funds for help, fund trade group official says. (Related read: Betterment presses Trump to keep DOL rule)
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.
Stress tests still unpopular with fund industry
Industry trade group, as well as some mutual fund giants, push back against Financial Stability Board's proposal for stress tests.
California, fund industry spar over automatic retirement savings plan Secure Choice
The Investment Company Institute blasts the state over its plans to exclude mutual funds from the proposed Secure Choice program.
SEC zeroes in on ETF risks and mutual fund charges
The agency is scrutinizing ETFs because of instances of sharp volatility, and has launched an initiative to evaluate how mutual funds can better inform investors about costs.
Roth IRA investors more aggressive, make fewer withdrawals than traditional IRA investors: ICI
Most traditional IRA investors start with rollovers.
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.
Advisers asking DOL for clarification on fiduciary rule’s impact on compensation
Labor Department's Tim Hauser discusses fiduciary rule's impact on compensation.
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.
DOL official: Agency will consider changes to fiduciary rule if problems arise
Deputy assistant secretary Tim Hauser said the Labor Department has room to adjust the rule if problems arise.
