Tag: Department of Labor
Regulatory Perspective: The Path Ahead for Alts in 2023
Following downturns in the stock and bond markets, financial professionals and Main Street investors are turning to alternative investments to further diversify in a...
FSI Adds Five Directors to Board
The Financial Services Institute announced that it has added five directors to its board.
The new members are:
Libet Anderson, president – Concourse Financial Group...
FSI Study “Confirms Our Worst Fears” About DOL’s Independent Contractor Proposal
The Financial Services Institute announced the findings of a study analyzing the potential impact of the Department of Labor’s recent proposal regarding independent contractor...
Labor Dept. Publishes Final ESG Rule for Retirement Investments
The U.S. Department of Labor on Tuesday published a final rule that allows plan fiduciaries to consider climate change and other environmental, social and...
Financial Services Institute Requests that DOL Extend Comment Period on Independent...
The Financial Services Institute is asking the U.S. Department of Labor to extend the comment period for an Independent Contractor Rule Proposal released by...
Department of Labor Proposes Rule to Restrict Classification of IBD Reps...
The Department of Labor has published a Notice of Proposed Rulemaking to help employers and workers determine whether a worker is an employee or...
DOL Appeals District Court Ruling on Independent Contractor Rule
The Department of Labor filed an appeal on Friday after a Texas federal judge ruled that the agency violated the Administrative Procedure Act by...
Annuities Trade Group Sues DOL Over Fiduciary Rule
The Federation of Americans for Consumer Choice Inc., a relatively new trade group that represents insurance agents and annuities sellers, has filed a lawsuit...
Senate Confirms Boston Mayor Marty Walsh as Secretary of Labor
The United States Senate has confirmed Boston Mayor Marty Walsh as the next U.S. Department of Labor Secretary by a 68-29 margin on Monday...
Department of Labor Unveils Proposed Exemption for Investment Advice Fiduciaries
The U.S. Department of Labor has released a new proposed class exemption that would allow investment advice fiduciaries to receive compensation for their advice....
Bloomberg Plans to Restore DOL Fiduciary Rule if Elected
Former New York City mayor and presidential candidate Michael Bloomberg seeks to restore the Department of Labor’s now-defunct fiduciary rule, according to his recently...
President Trump Officially Nominates Eugene Scalia to Head Department of Labor
President Donald Trump announced his intent on Tuesday to nominate Eugene Scalia as the Secretary of Labor, replacing Alexander Acosta who resigned in mid-July...
SEC Approves Investment Advice Rule Package
On Wednesday, the Securities and Exchange Commission voted 3-1 along party lines and approved its four-part package of regulations aimed at reforming investment advice...
DOL to Propose New Fiduciary Rule in December, SEC to Vote...
The Department of Labor plans to introduce a new fiduciary rule proposal in December 2019 after the previous version was vacated by the Fifth...
Secretary Acosta Says DOL Will Release New Fiduciary Rule in Conjunction...
Labor Secretary Alexander Acosta told the House Education and Labor Committee on Wednesday that the Department of Labor is planning to revive its fiduciary...
Edelman Financial Engines Appoints DOL Fiduciary Rule Architect Phyllis Borzi to...
Edelman Financial Engines, a registered investment advisor with $200 billion in client assets, has appointed Phyllis Borzi to its board of directors. Borzi, who...
SEC Releases Investor Testing Report on Proposed Form CRS Relationship Summary
To help address investor confusion about the nature of their relationships with investment advisers and broker-dealers, the SEC’s Office of the Investor Advocate has...
SEC Investor Advisory Committee to Hold Public Call on Regulation Best...
The Securities and Exchange Commission’s investor advisory committee will hold a public conference call next month to discuss its proposed Regulation Best Interest and...
DOL to Introduce Fiduciary Rule in September 2019
The Department of Labor plans to introduce a revised final fiduciary rule in September 2019 after the previous version was vacated by the Fifth...
New Jersey to Propose “Uniform Fiduciary Standard” for Investment Professionals
The New Jersey Bureau of Securities plans to initiate rules to impose a fiduciary duty on all New Jersey investment professionals, requiring them to...
