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.
FSI Fires Back on DOL's 'Disappointment' with Industry Data Collection
By Elizabeth D. FestaThe FSI's letter is a direct response to the June 20 letter from Phyllis Borzi to Congressmen, Education and Workforce Committee Chair John Kline, R-Minn., and Ranking Member George Miller, D-Calif.
June 21, 2012
SEC, FINRA, DOL Enforcement Roundup: Investment Advice From the HeavensRecent enforcement actions included an astrology-based Ponzi scheme, along with fines for Morgan Keegan, Edward Jones and Janney Montgomery Scott.
June 19, 2012
DOL’s Borzi: Industry Backlash on Fee Rules Is UnfoundedPhyllis Borzi, Assistant Secretary of Labor at the EBSA, laid out on Monday EBSAs regulatory agenda for the rest of the year and clarified one area thats caused a backlash from retirement planning officials.
June 15, 2012
DOL Enforcement Roundup: Two Accused of Misusing Pension FundsThe director of an Illinois-based investment management firm was ordered to restore $1.2 million to four pension plan client accounts, while an advisor was accused of misusing $3.2 million in retirement plan funds.
April 10, 2012
Fierce Opposition to Labor Department’s Fiduciary ProposalAs comments from the House committee hearing over the redefinition make clear, opposition to the DOLs redefinition of fiduciary is bipartisan and fierce.
March 13, 2012
Industry Groups Press DOL for ‘Progress Report’ on Fiduciary RedraftThe Financial Services Institute and Financial Services Roundtable are pressuring the Department of Labor to release a progress report on the departments redrafting of its rule amending the definition of fiduciary under ERISA.
March 13, 2012
What Problem Exactly Is DOL Trying to Solve by Redefining ‘Fiduciary?'One thing we do know: the significant unintended consequence of forcing higher fees for IRA investors.
March 07, 2012
Stuck in (Business Model) NeutralAn intense effort to create a uniform fiduciary standard remains unresolved after more three years of effort, something insurance agents and investment advisors should be concerned about.