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.
DOL Urged to Hold Off on Proposed Fee Guide
By Marlene Y. SatterA group of business organizations turned up the heat this week in its campaign against a proposed DOL fee disclosure guide.
December 11, 2014
SEC, DOL Enforcement: Fiduciaries Fined $4.7M Over Fake Health PlanAlso, co-owners of Reliance Financial Advisors charged with making false statements to clients investing in a risky hedge fund.
November 26, 2014
DOL Fiduciary Redraft Still Coming in January: OMBAn update from the OMB shows the DOL still plans a January release, despite speculation to the contrary.
November 24, 2014
Two Other BD Issues Still LoomThe independent broker-dealer community has consistently and loudly derided the Department of Labor's on-again, off-again plan to redefine fiduciary under the Employee Retirement Income Security Act. In late October, Labor Secretary Thomas Perez said the department continues to reach out to stakeholders regarding the redraft of its rule so that...
October 21, 2014
Fiduciary Rule to Snag BDs on IRA RolloversThe DOL is likely to hold broker-dealers who chase IRA rollovers to the same fiduciary standards retirement advisors must meet, ERISA attorney Fred Reish says.
October 20, 2014
New rules for IRA rollovers comingThe DOL is likely to hold broker-dealers who chase IRA rollovers to the same fiduciary standards that retirement advisors must meet.
October 16, 2014
DOL Advisor Crackdown Is ‘Out of Control’: Benefits LawyerThe DOL conducted more than 3,600 audits of qualified retirement plans last year. Settlements related to violations totaled $1.7 billion in plan reimbursements and fines.
September 29, 2014
DOL Chief’s Potential Departure Wouldn’t Stop Fiduciary PlanIn the unlikely event Labor Secretary Perez replaced Holder as attorney general, "stalwarts" like Borzi would keep DOLs fiduciary fires burning, observers said.