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.
Advisors May Still Lose Right to Earn Commissions on IRA Advice
By Dale BrownThe Department of Labor will likely issue a reworked version of its fiduciary proposal in late Q1 or early Q2, and concerns about its potential impact remain very real.
December 11, 2012
DOL Proposes Streamlining Bankrupt Companies’ Plan DistributionsEBSA issued a proposed rule and a related class exemption designed to make it easier for Chapter 7 bankruptcy trustees to distribute assets from bankrupt companies retirement plans.
December 10, 2012
Borzi: DOL to offer new version of fiduciary rule in "several months"The Department of Labor plans to repropose its controversial rule to amend the definition of fiduciary under ERISA in several months, Phyllis Borzi said on Friday.
December 07, 2012
Borzi: DOL to Offer New Version of Fiduciary Rule in ‘Several Months’The DOL plans to repropose its controversial rule to amend the definition of fiduciary under ERISA in several months, Phyllis Borzi the DOLs EBSA, told AdvisorOne on Friday.
November 13, 2012
DOL Slams Ivy Asset Management in $210 Million Madoff SettlementThe DOL announced a settlement with Ivy Asset Management, a unit of the Bank of New York Mellon, in which Ivy will pay $210 million to compensate investors who suffered losses in Bernie Madoffs Ponzi scheme.
October 18, 2012
ERISA Gurus Reish, Campbell Urge DOL to Create 408(b)(2) ‘Corrections Program’Such a program would not let "bad actors" evade punishment, they said; rather it would provide a streamlined process with reduced penalties.
October 17, 2012
How to Prepare for—and Prevent—a DOL AuditAn AXIS Retirement Analytics Platform webinar told covered service providers how to avoidand prepare for, should it come to thatan audit from the Department of Labor.
September 07, 2012
DOL Safe Harbor Clarification for Lifetime Guarantees Sought by NAIC, Life InsurersPrudential and other life insurers are joining the NAIC in requesting that annuity products, especially those that provide guaranteed lifetime income, are given safe harbor under ERISA's fiduciary rules.