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.
SIFMA Roiled by Split Over DOL Fiduciary Suit by Wirehouses, Smaller Firms
By Robert Schmidt, BloombergLarge broker-dealers favored compliance over fighting DOL; Wells Fargo, Morgan Stanley said to have opposed court battle.
June 23, 2016
House Override Vote to Kill DOL Fiduciary Rule FailsThe DOL fiduciary rule "could be the next Obamacare where every few months, members reiterate how strongly they oppose this rule," says CFA's Hauptman.
June 20, 2016
DOL's Perez Vows to Fight Mounting Fiduciary LawsuitsLabor Secretary Perez has vowed to vigorously defend fiduciary rule against the mounting lawsuits that were lobbed against it in June.
June 20, 2016
DOL files to consolidate 3 fiduciary suitsPlaintiffs agreed to consolidation but insist that each case be allowed to "retain their separate identities." Meanwhile, the House gets ready to vote...
June 20, 2016
DOL files to consolidate 3 fiduciary suitsPlaintiffs agreed to consolidation but insist that each case be allowed to "retain their separate identities." Meanwhile, the House gets ready to vote...
June 20, 2016
Can Digital Advice Fill Advisor Gap for Small Investors?Seventy-one percent of American households have less than $100,000 in investable assets, and only 8% of advisors serve them, Cerulli found.
June 20, 2016
DOL Files to Consolidate 3 Fiduciary Suits in Texas; House Sets Veto-Override VoteThe plaintiffs agree to consolidation but want the court to "proceed quickly" as the first deadline approaches in less than a year.
June 20, 2016
DOL 101: The fiduciary rule's impact on annuity carriersCarriers have a long haul ahead with DOL rule implementation, regardless of product type offered.