In April of 2024, the U.S. Department of Labor (DOL) released the Retirement Security Rule (Rule) which sought to broaden the definition of an investment advice fiduciary for purposes of … Continue reading DOL Rule in Limbo, But Not Best Interest Standard
In January 2021, the Department of Labor (“DOL”) announced a rule addressing the distinction between employees and independent contractors (“Independent Contractor Rule”) under the Fair Labor Standards Act (“FLSA”). The … Continue reading DOL Withdraws Proposed Independent Contractor Rule
Comments are due to the Securities and Exchange Commission (SEC) by August 18, 2018 on the proposed Regulation Best Interest. This is a significant proposal as it is the SEC’s … Continue reading Regulation Best Interest Update
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
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
ERISA Section 408(b)(2) Fee Disclosures Are Due 6/30/2012 ERISA Section 408(b)(2) This is a reminder that all covered service providers to ERISA qualified plans (“ERISA Plan”) are required to deliver a fee … Continue reading ERISA Section 408(b)(2) Fee Disclosures Due 6/30/2012
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