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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...

Senate Confirms Eugene Scalia as Labor Secretary

The Senate confirmed Eugene Scalia, the son of the late Supreme Court Justice Antonin Scalia, as Secretary of Labor in a 53-44 party-line vote...

Senate Committee Approves Scalia To Head Labor Department

Senate Committee on Health, Education, Labor and Pensions approved the nomination of Eugene Scalia as the Secretary of Labor on Tuesday in a 12-11...

Labor Secretary Nominee Scalia Probed on Fiduciary Rule at Confirmation Hearing

Eugene Scalia, President Donald Trump’s pick to head the Department of Labor, testified before the Senate Health Education Labor and Pensions (HELP) Committee during...

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...

Massachusetts Solicits Preliminary Comments on Proposed Fiduciary Rule

The Massachusetts Securities Division plans to enter the state fiduciary rulemaking ring and is seeking preliminary comment on a proposed regulation that would apply...