It’s official. The Department of Labor’s controversial, Obama-era Fiduciary Rule is dead and gone. On June 21, the United States Court of Appeals for the Fifth Circuit issued its mandate certifying its March 15 split decision...more
9/7/2018
/ Best Interest Contract Exemptions ,
Broker-Dealer ,
Department of Labor (DOL) ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Fiduciary Duty ,
Fiduciary Rule ,
Investment Adviser ,
Investment Management ,
Motion for Reconsideration ,
Retirement Plan ,
Securities and Exchange Commission (SEC)
Much has happened since we last reported on the Department of Labor’s Fiduciary Rule. The compliance deadline was extended 18 months to July 1, 2019. A federal appellate court vacated the Fiduciary Rule in its entirety. The...more
5/11/2018
/ Best Interest Contract Exemptions ,
Broker-Dealer ,
Code of Conduct ,
Conflicts of Interest ,
Consumer Financial Contracts ,
Department of Labor (DOL) ,
Disclosure Requirements ,
Dodd-Frank ,
Fiduciary Rule ,
Governor Hogan ,
Investment Adviser ,
Investors ,
Proposed Rules ,
Public Comment ,
Retail Investors ,
Securities and Exchange Commission (SEC) ,
Standard of Care
On April 6, 2016, the U.S. Department of Labor released its long-awaited and controversial fiduciary rule expanding the definition of who is a fiduciary when providing investment advice on retirement accounts. The rule aims...more
4/13/2016
/ Best Interest Contract Exemptions ,
Best Interest Standard ,
Broker Commissions ,
Brokers ,
Conflicts of Interest ,
Department of Labor (DOL) ,
Employee Retirement Income Security Act (ERISA) ,
Fiduciary Duty ,
Final Rules ,
Financial Adviser ,
Individual Retirement Account (IRA) ,
Investment Adviser ,
IRS ,
Retirement Plan ,
Tax Penalties