Next Up for DOL Fiduciary Redraft: Hearings
Now that the comment period on the DOL's fiduciary redraft has ended, opponents and those in favor of the rulemaking will participate in hearings regarding the plan the week of Aug. 10.
Dodd and Frank on Dodd-Frank
“We did very difficult, politically hard things” in the Dodd-Frank Act, former Massachusetts Congressman Barney Frank said July 21 as the law that bears his name celebrated its fifth anniversary. “My head hurt.”
Top 5 Fastest Growing Consumer Complaints
Thirty-seven agencies in a survey received a total of 281,639 complaints last year, including tax-related fraud.
SEC Pay-to-Play July 31 Effective Date a ‘Nonevent’: IAA Chief
The SEC won’t enforce ban on advisors’ use of third parties to solicit business from government entities until FINRA and the MSRB issue final rules.
Judge Says CFP Board ‘Followed Its Own Rules’ in Disciplining Camardas
The judge said there was no evidence that the CFP board had been motivated by bad faith or ill will.
Lawmakers Ask DOL to Start Over on Fiduciary Rule
“We feel it is in the interest of our constituents that the DOL repropose this fiduciary regulation,” lawmakers tell Labor’s Thomas Perez.
Goldman Clearing Arm to Pay $1.8M FINRA Fine Over OATS Violations
Goldman Execution & Clearing was fined for more than eight years of Order Audit Trail System-related failures.
House GOP Tells DOL to Scrap Fiduciary Plan
Lawmakers from the House committee with jurisdiction over DOL accused it of having an “insatiable desire to re-engineer the retirement services industry.”
Congress Must Prevent Last-Minute Social Security Reckoning, Experts Warn
Trustees Report shows lawmakers should act to "avoid inconceivably large tax increases or benefit cuts imposed at the last moment," says the Bipartisan Policy Center.
Banks Line Up for Dot-Bank Domain Names to Help Prevent Cyberattacks
The domain extension offers enhanced security features, including strong encryption and verification requirements.