DOL Fiduciary Plan Needs Rollover Exemption: Retirement Experts
Lawmakers and ARA say a new exemption is needed so plan advisors won’t be prohibited from helping participants with rollovers.
SEC Must Target Form ADV Changes to Reduce Advisor Costs: IAA
IAA tells SEC to focus a 'particularly keen eye' on disproportionate costs to small advisors under its request for more SMA data on Form ADV.
Ken Fisher’s 401(k) Unit Says DOL Fiduciary Plan Limits Investment Advice
Small plans could be hurt; DOL must also “make clear” some marketing activities are not fiduciary activity, Fisher unit said in comment letter.
SEC, FBI Bust Hacking Ring That Stole Earnings Reports Then Sold Them
An international hacking operation stole pre-release earnings information on companies from newswire services then conducted insider trades.
DOL Tackles Key Fiduciary Plan Proposals at Hearings
First round of DOL hearings prompts discussions on Best Interest Contract Exemption, mandatory arbitration as well as whether the proposed plan would spur lawsuits.
Variable Annuity Study Finds No Fees for Most Partial Withdrawals, Cash-Outs
VA surrender charges that investors actually pay are considerably lower than the fees listed in prospectuses, the report found.
Democratic Senator Criticizes DOL Fiduciary Rule as Hearings Near
Sen. Claire McCaskill of Missouri says she's worried about access to advice for small investors; Washington Analysis gives its prognosis for the rule.
Camardas Appeal CFP Board Case to Right ‘Grave Wrongs’
"The welfare of the profession, and of the client public” are hanging in the balance, the Camardas say.
Sen. Warren Floats Bill to Stop Credit Checks by Employers
The Equal Employment for All Act would prohibit employers from requiring potential employees to disclose their credit history when applying for a job.
Firms Must Report CEO-to-Worker Pay Ratio Under New SEC Rule
The “controversial, contentious” rule garnered a whopping 287,400 comment letters, SEC Chairwoman White said.