Labor Nominee Vows to Toe Trump Fiduciary Line
Criteria set out in Trump order “really regulates and determines the Department of Labor’s approach to the fiduciary rule,” R. Alexander Acosta told senators.
40 Democratic Lawmakers Call DOL Fiduciary Rule Delay ‘Careless’
On the last day of the comment period on the delay, lawmakers say the fiduciary rule review is "duplicative."
For Fiduciary Rule, Morningstar Sees Up to $150M in Annual Class Action Settlements
Labor’s estimate of compliance costs for individual large financial firms is low, Morningstar says.
DOL Issues Temporary Enforcement Policy on Fiduciary Rule
Field Assistance Bulletin sets out policy if Labor fails to delay rule’s applicability date before April 10.
Merrill Opens ‘Pandora’s Box’ With Shift on Commissions: Analysts
KBW weighs in on what moving away from a fee-only approach could mean for recruiting, operations and legal issues.
FINRA Floats Plan to Streamline Competency Exams
FINRA wants to revise exam structure to eliminate "duplicative testing and barriers to demonstrating and maintaining qualifications."
Merrill Reconsiders Commissions on Some Retirement Accounts
Wealth chief Andy Sieg, though, tells the Thundering Herd that restrictions “remain in place, including [those] on mutual funds.”
Fund Fee Disclosure Is Topic of First SEC Evidence Summit
Acting SEC Chair Piwowar says the agency is talking with the OMB and Congress about the hiring freeze under Trump.
Quick Action on DOL Fiduciary Rule Unlikely With Acosta Confirmation
Deciding to modify or kill the fiduciary rule “will be much slower than people think,” ERISA lawyer Fred Reish says.
What HNWs Want That Advisors Aren't Doing
A new CFA Institute study highlights steps advisors can take to close the gap between what they offer and what HNW clients want.