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.
Wells Fargo to Pay $145M Over Company Stock in Its 401(k) Plan
By Melanie WaddellWells Fargo and a plan trustee caused the plan to overpay for stock, according to the Labor Department.
September 07, 2022
Plan Sponsors Should 'Exercise Caution' Before Adding Crypto: Wendy Von WaldVon Wald helps plan fiduciaries get insured, and minimize the odds that they'll need the insurance.
September 01, 2022
DOL Orders Wells Fargo to Pay $22M Over Whistleblower RetaliationSenior manager who was fired had repeatedly voiced concerns regarding conduct that violated relevant financial laws.
August 31, 2022
Small RIAs Likely Breaking New DOL Rollover Rule Without Knowing It: ERISA LawyerMany small firms are unaware of the rule and lack a compliance officer, Faegre Drinker partner Fred Reish says.
August 01, 2022
Worker Classification for Independent Financial Professionals: Big Changes Ahead?The Labor Department plans to propose new rules on independent contractors that might affect advisors.
July 28, 2022
3 Senators Challenge Fidelity's 'Immensely Troubling' 401(k) Bitcoin PlanBitcoin fans say the senators are on the wrong side of history.
July 27, 2022
DOL Drafts Rules for IRA Asset Managers With Foreign Criminal ConvictionsManagers could ask the Labor Department to tell them whether the foreign convictions were relevant.
July 27, 2022
The New Rollover Rule Is Here: Are You Complying?Financial advisors and their firms must now adhere to these key requirements affecting retirement-plan rollover recommendations.