Tag: DOL
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 Proposes Revised Definition of “Fiduciary”
The Department of Labor has reported in its Spring 2022 regulatory agenda that it plans to reveal its new fiduciary rule proposal in December,...
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...
Department of Labor Delays Fiduciary Rule Enforcement
The Department of Labor has delayed the implementation of its investment advice rule from December 20, 2021 until February 1, 2022.
The DOL's prohibited transaction...
DOL Signals Changes to Fiduciary Rule
The Department of Labor has confirmed in its Spring 2021 regulatory agenda that the Employee Benefits Security Administration plans to make changes to the...
Department of Labor Issues Guidance on Fiduciary Rule
The Department of Labor’s Employee Benefits Security Administration has issued guidance relating to its exemption for investment advice fiduciaries, dubbed Improving Investment Advice for...
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...
DOL Fiduciary Rule Takes Effect Today
The Department of Labor’s Employee Benefits Security Administration has confirmed that its exemption for investment advice fiduciaries, dubbed Improving Investment Advice for Worker &...
Department of Labor Issues Final Fiduciary Rule
On Tuesday, the Department of Labor issued its “fiduciary rule” that governs investment advice for retirement plans after the Office of Management and Budget...
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....
DOL Allows 401(k) Savers to Invest in Private Equity
The U.S. Department of Labor has issued an information letter indicating that retirement savers can include certain private equity investments in their defined contribution...
DOL Takes Another Step Towards Revised Fiduciary Rule
The U.S. Department of Labor sent its revised fiduciary rule proposal to the Office of Management and Budget on Monday. A draft of the...
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...
Massachusetts Moves Forward with State Fiduciary Standard
Massachusetts Secretary of the Commonwealth William Galvin, the state’s chief securities regulator, has signed off on new regulations that would impose a uniform fiduciary...
