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.
Perez Shrugs Off DOL Fiduciary Rule Lawsuits, Vows Continued Outreach to Industry
By Ginger SzalaSome folks in the industry want a Best Interest Rule as long as its not enforceable, the Labor secretary said.
June 27, 2016
3 DOL Fiduciary Cases in Texas to Be Consolidated; Parties Want October ResolutionA district court judge in Texas has agreed to allow three lawsuits against the DOL fiduciary rule to be consolidated.
June 27, 2016
SIFMA Roiled by Split Over DOL Fiduciary Suit by Wirehouses, Smaller FirmsLarge 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 failsAs expected, the House of Representatives failed late Wednesday night to override a presidential veto on a resolution to nullify the Department of Labors fiduciary rule.
June 23, 2016
House override vote to kill DOL fiduciary rule failsAs expected, the House of Representatives failed late Wednesday night to override a presidential veto on a resolution to nullify the Department of Labors fiduciary rule.
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...