DOL
Get the latest news and insights on the Department of Labor's moves around the fiduciary rule, other financial regulations, enforcement actions and more.
Is the DOL’s New Proposal Really a New Broker Standard?
By Bob ClarkAs I make my way through the DOLs proposed rule changes for brokers, the sentence that keeps running through my mind is: Weve been had.
March 31, 2015
NAPA’s Deep Reservations About DOL’s Broker RulesNAPA says it opposes any regulation that would hamper an advisor's ability to help retiring clients shift their savings to an IRA.
March 23, 2015
NAPA’s deep reservations about DOL’s broker rulesThe organization fears regulators will make it illegal for advisors to talk to participants about their best options at a critical moment in their lives.
March 19, 2015
BNY Mellon to Pay $714M for Bilking Forex CustomersBank of New York Mellon will repay $84 million to customers it admitted to defrauding through its "standing instruction" foreign exchange trading program.
March 09, 2015
DOL Has Worked ‘Very Closely’ With SEC on Fiduciary Plan: PerezThe Labor secretary told CNBC that DOL wants to create a "level playing field" for advisors that are already putting their clients' interests first.
March 06, 2015
GOP Reps Demand Proof DOL Didn’t Go It Alone on FiduciaryLawmakers tell Secretary Perez to hand over SEC correspondence, but advocates say Congress efforts to stall the fiduciary redraft are futile.
March 04, 2015
GOP Lawmakers: DOL Should Wait Its Turn on FiduciarySEC, not DOL, is the agency responsible for writing fiduciary rules for broker-dealers, the Senate and House appropriations chairmen tell the White House.
March 03, 2015
U.S. Chamber of Commerce Vows to Use ‘Every Tool’ Against DOL Fiduciary PlanMeanwhile, ex-EBSA chief Brad Campbell hopes the plan won't block investors from receiving IRA rollover advice.