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.
Lining Washington's Pockets to the Tune of $1.4 Billion
By Melanie WaddellWall Street banks and other financial services groups poured large sums of money into Washington during the 20132014 campaign cycle, spending more than $1.4 billion to influence decision making in the nation's capital.
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.
February 25, 2015
Bill to Delay DOL Fiduciary Rulemaking Is RevivedRep. Ann Wagner, R-Mo., has reintroduced a bill to force the DOL to wait until the SEC makes its own fiduciary rule.
February 25, 2015
11 Reasons Why Putting Brokerage Clients’ Interests First Is a Bad IdeaThe reasons raised by the brokerage industry against DOLs fiduciary proposal are good, but out of the goodness of my heart, I offer some more.