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 fiduciary rule will force brokers out, ex-SEC IM Director says
By Melanie WaddellNorm Champ also says the downsides of third-party advisor exams "far outweigh the upside."
February 25, 2016
No, DOL Fiduciary Rule Not Driving Advisors Away From Firms: Brian HamburgerThe market for breakaway advisors has never been more ripe, but thats not due to the DOL fiduciary proposal, says MarketCounsel's Brian Hamburger.
February 25, 2016
DOL Fiduciary Rule Will Force Brokers Out, Ex-SEC IM Director SaysImposing a DOL ERISA fiduciary duty on brokers will drive advice out of that space, former SEC investment management chief Norm Champ said.
February 24, 2016
Senator Blasts DOL for Ignoring SEC’s Fiduciary Rule ConcernsBut, consumer advocate Barbara Roper says, if Sen. Ron Johnson, R-Wis., and his committee went looking for a smoking gun, they failed to find it.
February 23, 2016
3 Big Holes in DOL Fiduciary Proposal, ICI SaysOn one-year anniversary of Obama endorsement of the proposal, ICI sends letter to the OMB about DOLs justification for the rule.
February 22, 2016
DOL Fiduciary Rule Will Accelerate Broker-Dealer ClosingsThrow in continued stock market weakness and many BDs, especially smaller ones, will be forced to close their doors.
February 22, 2016
House Speaker Ryan: DOL Fiduciary Rule Could Block 7 Million IRAs From AdviceRep. Paul Ryan tweeted Monday that "up to 7 million IRAs wouldnt qualify for advice" under the DOL rule and vowed to stop it.
February 19, 2016
DOL Investigating Fortune 500’s Pension Payment PracticesMany "missing" plan participants aren't tracked down when they reach age 70 and are owed benefit payments, Morgan Lewis & Bockius attorneys say.