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 WaddellImposing a DOL ERISA fiduciary duty on brokers will drive advice out of that space, former SEC investment management chief Norm Champ said.
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.
February 17, 2016
Chamber of Commerce May Sue Over DOL Fiduciary RuleThe lobbying group says it may sue or seek legislation if the final rule fails to address "significant concerns" raised during the comment period.
February 16, 2016
Why Trump and Sanders Matter to Financial AdvisorsBoth voters and investors are showing their loss of trust and confidence in established institutions, Knut Rostad writes.
February 11, 2016
Sen. Warren Accuses Annuity Providers of Double Talk on DOL Fiduciary RuleWarren tells OMB that despite insurers' public "doomsday" predictions about the DOL fiduciary rule, investors are told that all is rosy.
February 09, 2016
Most Advisors Don’t ‘Fully Understand’ DOL Fiduciary Rule: Eaton VanceThere will be an enormous educational effort for the industry to try to understand" the impending fiduciary rule, says Eaton Vance's John Moninger.