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.
Witness says broker model cheaper than fee model for small accounts
By Nick ThorntonThe benefits of the Department of Labors proposed fiduciary rule do not outweigh the costs, according to one witness at a Senate subcommittee hearing.
July 23, 2015
The DOL fiduciary rule: reactions from 4 industry associationsThe associations contend that the rule's substantial costs and "burdens" will prompt many brokers to exit the business.
July 23, 2015
4 Ways to Strengthen BICE in DOL’s Fiduciary RuleThe Labor Departments proposed rule is historic and can be improved by industry suggestions, as long that input doesnt weaken the rule.
July 22, 2015
BlackRock says DOL rule against broker bias favors index fundsThe plan questions whether there should be a broad exemption for sales of high-quality, low- fee investments, which BlackRock says would be index funds.
July 22, 2015
BlackRock says DOL rule against broker bias favors index fundsThe plan questions whether there should be a broad exemption for sales of high-quality, low- fee investments, which BlackRock says would be index funds.
July 20, 2015
SIFMA, U.S. Chamber Barrage DOL as Fiduciary Rule Comment Deadline LoomsSIFMA, for its part, filed not just one comment letter but eight, along with two studies highlighting the fiduciary rule's challenges.
July 17, 2015
FINRA Blasts DOL’s Fiduciary Redraft as ‘Fractured, Confusing’In its 21-page comment letter, FINRA tells DOL to modify its plan so that BDs do not abandon small accounts.
July 16, 2015
DOL Fiduciary Redraft Will Be Changed, Top Official SaysDOL is committed to fiduciary redraft but not wedded to any particular wording or text, says DOLs Hauser.