Tag: fiduciary rule
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,...
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...
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 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...
New Jersey Extends State Fiduciary Rule Finalization Amid Pandemic
New Jersey Governor Phil Murphy has signed an executive order to extend various deadlines associated with rulemaking for state agencies, including its proposed fiduciary...
Massachusetts Finalizes State Fiduciary Rule
Secretary of the Commonwealth William Galvin has filed regulations to impose a fiduciary conduct standard in Massachusetts. The new regulations will go into effect...
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...
FSI Comments on New Jersey’s Proposed Fiduciary Rule
The Financial Services Institute, a trade group representing independent financial advisors and financial services firms, has submitted a 12-page comment letter to the New...
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...
