The Department of Labor (DOL) issued a release on Monday and announced that the full implementation of key provisions of the DOL fiduciary rule would be extended 18-months. To that end, … Continue reading Fiduciary Rule Implementation Delayed 18 Months
After two years of public comments and discussion, the U.S. Department of Labor (“DOL” or “Department”) released the fiduciary rule in its final form On April 6, 2016. Under the … Continue reading Current Status of the DOL Fiduciary Rule
Impartial Conduct Standards During the transition period, financial institutions and advisers must comply with the “impartial conduct standards” which are consumer protection standards that ensure that advisers adhere to fiduciary … Continue reading DOL’s Fiduciary Rule Transition Period Ends
The Financial Industry Regulatory Authority (FINRA) is amending FINRA Rule 4530 by adding a new Rule 4530 Problem Code to address changes the United States Department of Labor (DOL) has … Continue reading FINRA Revises Rule 4530 to Address New DOL Fiduciary Rule
On June 9th , the fiduciary rule’s amended definition of fiduciary advice will first apply and the BIC Exemption and Principal Transactions Exemption will become available to fiduciary advisers. At … Continue reading DOL’s fiduciary rule’s definitions applied as of June 9th
In an op-ed published last week in The Wall Street Journal, Labor Secretary Alexander Acosta stated that the Department of Labor (“DOL” or “Department”) will not delay the June 9th … Continue reading DOL’s June 9th Compliance Date for the Fiduciary Rule Won’t Be Delayed
The Department of Labor’s (DOL) Fiduciary Rule, which is set to become generally effective on April 10, 2017, has received substantial push-back from the financial industry, including numerous lawsuits and … Continue reading Attack on DOL Fiduciary Rule Escalates
On April 6, the U.S. Department of Labor (“DOL”) released the fiduciary rule in its final form. The rule was released after months of public comment, with many of the … Continue reading Pushback Regarding DOL Fiduciary Rule Continues
It appears that the proposed fiduciary rule submitted by the Department of Labor to the Office of Management and Budget is being fast-tracked and may be released today. Megan Leonhardt … Continue reading DOL Fiduciary Rule To Be Released As Early As April 14, 2015
Department of Labor Imposes Significant Disclosure Obligations On Broker-Dealers and Investment Advisers The Department of Labor (“DOL”) recently issued interim final regulations under Section 408(b)(2) (the “Rule”) of … Continue reading DOL Imposes Disclosure Obligations