SIFMA Launches Investor First Initiative; CEO Gregg Says SEC Should Go First on Fiduciary
The “Our Partnership with You” initiative is designed to help investors “get the most” out of their relationship with their advisor.
SEC, DOL, FINRA Enforcement: SAC Capital Could Plead Guilty
Among other recent enforcement actions, DOL retrieved $1.6 million for Sunkist employees and FINRA fined and censured Scottrade.
Senate Banking Aide: Committee Has ‘No Interest’ in Bill to Block Fiduciary Rules
Wagner bill passes House, but Senate Banking's Johnson says he won't focus on any bill "the president clearly has no interest in signing."
DOL’s Borzi: Fiduciary Redraft Could Advance by Year End
“We are coming very close to finishing our work” on the reproposed rule, said DOL's Borzi.
SEC, DOL Enforcement: Diebold, Stryker Busted for Bribing Foreign Officials
Diebold, manufacturer of voting machines and ATMs, to pay $48 million penalty; DOL recovers more than $4 million over ESOP scam.
Audit Faults EBSA for Inadequate Oversight
The Office of Inspector General concluded the agency is not providing enough oversight of ERISA retirement plans that invest in alternative investments.
Matrix Warns: Brush Up on IRA Business Models Ahead of Fiduciary Rule
Guide gives advisors a heads-up on possible DOL fiduciary rule’s IRA rollover requirements; Matrix expects a reproposal late this year.
The Women Leading the Fiduciary Charge
Phyllis Borzi and Mary Jo White are two tough ladies with two tough jobs.
DOL Provides ERISA Guidance for Same-Sex Couples
DOL announced new guidance interpreting the Supreme Court’s decision overturning the Defense of Marriage Act and its impact on ERISA.
DOL Fiduciary Plan Hits Delay, Borzi Says
The revamped proposal will include IRAs, DOL assistant secretary Phyllis Borzi confirmed at the FSI advisor summit.