Tag: Financial Services Institute
DOL Submits New Fiduciary Rule for Review; Faces Fierce Resistance
The Department of Labor is facing strong opposition to its newly released proposal that “would amend the regulatory definition of the term fiduciary …...
Congressional Leaders Urge DOL to Halt Work on New Fiduciary Rule
In a letter to Acting Labor Secretary Julie Su, senior lawmakers on the Senate Health, Education, Labor and Pensions (HELP) Committee and the House...
Dept. of Labor to Unveil New Fiduciary Rule
The Department of Labor announced in its spring 2023 regulatory agenda that its revised fiduciary rule, now referenced as “Conflict of Interest in Investment...
DOL Independent Contractor Rule Debated
The Department of Labor’s recent proposal regarding the classification of independent contractor rules was recently debated during a hearing of the House Subcommittee on...
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...
Industry Trade Groups Submit Comment Letters Criticizing DOL’s Proposed Independent Contractor...
The Alternative and Direct Investment Securities Association and the Financial Services Institute submitted comment letters on the U.S. Department of Labor’s proposed independent contractor...
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...
Financial Services Institute Names 2022 Board and Executive Committee Members
The Financial Services Institute, a trade group representing independent financial advisors and independent financial services firms, has named four new directors to its board...
FSI Challenges DOL Independent Contractor Rule Withdrawal
The Financial Services Institute, a trade group representing independent financial advisors and independent financial services firms, has joined in filing an amended complaint against...
FSI Launches Health Insurance Program for Financial Advisors
The Financial Services Institute (FSI), a trade group representing independent financial advisors and independent financial services firms, has launched a health insurance program for...
FSI Elects HighTower CEO Bob Oros to its Board of Directors
The Financial Services Institute has elected Bob Oros, chief executive officer of HighTower Advisors, as a member of its board of directors.
“For years our...
Former Cetera and Advisor Group CEO Joins Board of Clark Capital
Clark Capital Management Group, an independent asset management firm, has appointed industry veteran Larry Roth to its board of directors.
Roth is the former CEO...
FSI Partners with Bill Bachrach on Client Acquisition Training Platform
The Financial Services Institute, an organization representing independent financial advisors and independent financial services firms, has partnered with Bachrach & Associates Inc. to offer...
Brian Kovack Launches FINRA Board Re-Election Campaign
Brian Kovack, president and co-founder of independent broker-dealer Kovack Securities Inc., is running for re-election to the mid-size firm seat on the FINRA board...
DOL Fiduciary Rule Officially Dead
After a six-week delay, the Fifth Circuit Court of Appeals has issued its mandate killing the Department of Labor’s fiduciary rule which attempted to...
Supreme Court Deadline Passes as DOL’s Fiduciary Rule Remains in Limbo
The June 13th deadline for the Labor Department to petition the Supreme Court to hear its case passed without fanfare on Wednesday, as the...
Industry Groups Urge Fifth Circuit to Dissolve DOL Fiduciary Rule
The American Council of Life Insurers and the National Association of Insurance and Financial Advisors sent a letter to the Fifth Circuit Court of...
Fifth Circuit Denies States’ Second Attempt to Intervene in Fiduciary Rule...
The Fifth Circuit Court of Appeals has denied the second request by the Attorneys General of California, Oregon, and New York to intervene as...
Senate Democrats Want Supreme Court to Weigh in on DOL Fiduciary...
A handful of Senate Democrats sent a letter to Labor Secretary Alexander Acosta urging the Department of Labor to reverse course on its decision...
