No, New Broker Rules Won't Strand Investors
In opposing DOL's proposed fiduciary rule on retirement advice, Wall Street is really arguing it would be too costly to provide non-conflicted advice. That's different from saying the rule would harm lower-income savers.
DOL Fiduciary Rule in 2016?
It may be 2016 before a new rule is in effect, and even that’s a long shot, says Groom Law Group's Steve Saxon.
National Companies Step In as Banks Exit Commodities Markets
Thanks to regulatory changes, the departure from commodities markets has opened the door for national companies to enter. But those aren't the only changes afoot.
Germany Said to Stall Spain on Bank Rescue
Just when it seems that Spain has made up its mind at last to ask for a bailout for its banks, Germany is said to be pushing Madrid to wait.
Why Focus Only on the Surface Costs of Fiduciary Advice?
It’s time we started talking about what financial consumers are giving up in return for their “free” advice.
Fiduciary Rule Backers Renew Critique of Oliver Wyman Study
Proponents of a fiduciary standard for IRA advisors, including Barbara Roper of the Consumer Federation of America, are once again crying dirty pool over a widely reported study.
Spain Accepts Bailout
Spain accepted a bailout Saturday for its financial sector, and Italy stepped up into the spotlight over concerns that it may be the next country to request aid.
Spain Downgraded, Seen Asking for Bailout Saturday
Fitch cut Spain’s credit rating by three notches late Thursday, leaving it two levels above junk, and Friday morning word circulated that the country would ask for a bailout on Saturday.
Oliver Wyman Releases Data on IRA Fiduciary Costs to DOL
After much anticipation, Oliver Wyman released to the DOL and the SEC in early April the data underlying its report stating that applying a fiduciary standard to IRA recommendations is costly.
Oliver Wyman Releases Data to DOL on IRA Fiduciary Costs
After much anticipation, Oliver Wyman released to the DOL and the SEC on Thursday the data underlying its report stating that applying a fiduciary standard to IRA recommendations is costly.