Going for Gold: Rep. Bachus Wins the Prize for Fuzzy Thinking on RIA SRO
Congressman Bachus’ WSJ piece on the benefits of an SRO for advisors sets what might be a world record for faulty assumptions, wrong conclusions and inaccuracies.
Rep. Bachus Tells Advisors to Police Themselves
Federal regulators “whose job is to enforce the law and protect investors from bad actors, often had no clue."
Pension Plans’ Fiduciary Officer Indicted for Fraud, Theft
A trustee and fiduciary for a number of employer pension plans was indicted on April 10 for 17 counts of wire fraud and 14 counts of theft from an employee pension benefit plan.
House and Senate Clash Over 401(k) Fee Disclosure
The Senate Finance Committee has removed a requirement that all 401(k) fees be disclosed to workers and employers from jobs legislation it is considering, putting the Senate at loggerheads with the House of Representatives.
Dynamic of Retirement Plan Sponsors and Service Providers to Be Altered by Jobless Benefits Bill
Retirement plan sponsors and participants can look forward to a new relationship with their service providers if the American Jobs and Closing Tax Loopholes Act passes the House of Representatives soon.
At Fiduciary Symposium, Jeff Mamorsky Says Independents' Role Set to 'Explode'
The drafters of ERISA in the 1970s, "never contemplated ERISA being used as it is today," Matthew Hutcheson noted at the IFS, as he introduced Jeff Mamorsky, chairman of the Global Benefits and Compensation Group at the law firm Greenberg Traurig.
Stephen Covey Opens Independent Fiduciary Symposium Emphasizing Trust
It was a refreshing change to see Stephen Covey speak in an intimate setting in a room with about 45 people as he kicked off the Independent Fiduciary Symposium on Tuesday, May 25.
Independent Fiduciary Symposium Keynote Stephen Covey Talks Trust
Setting at Museum of American Finance almost steals the show.
Proposed Rule Changes Will Alter Plan Sponsor-Service Provider Dynamic
Service providers will have to disclose fees and explain conflicts of interest.
Fiduciary to the Forefront
A committee calling for an authentic standard throws down the gauntlet