Articles tagged "Marcia Wagner"
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New DOL fiduciary 'rule' unshackles broker-dealers to pursue commissions, declaring brokers ERISA fiduciaries by making simple disclosures
The new rule lets advisors 'exemption shop' and DOL promises brokers it'll take only about $35 worth of their time to mix commissions with advice.
July 10, 2020 at 2:21 AM
New 'anti-regulatory' DOL Fiduciary Rule figures to keep $10-trillion IRA market under the IRS, allow some conflicted advice; does Rule's revival from dead presage Joe Biden presidency?
The rush to enact rewritten DOL Fiduciary Rule is a 'mystery' given Wall Street's presumed preference for defaulting to status quo; has presidential polling adverse to Donald Trump restored a sense of urgency?
June 4, 2020 at 2:28 AM
Waving the flag of 'capital formation,' SEC promises to let the genie out of the bottle, allowing private funds in 401(k) plans; DOL silent
Right now, SEC limits which advisors can sell alts and who can legally buy them, blocking any realistic chance of putting $4-trillion 401(k) cache in Wall Street crosshairs
July 3, 2019 at 11:15 PM
Trump exec order on 401(k)s cuts restriction for MEPs but Vestwell execs counsel caution
Under ERISA-permitted MEPs, advisors can lump small employers into giant plans that battle big firms which is fine til you read the small print
August 31, 2018 at 11:30 PM
Pro-DOL rule forces sharpen knives now that DOL rule's 18-month delay is carved in stone
Labor Department loses formerly effective duck-and-weave defense tactic after 'U-turn' toward a more Wall Street golden goose ethos
November 28, 2017 at 10:14 PM
'Poof, it's gone!' DOL quietly strips two heavy lifts from the fiduciary rule as it makes delay official
The Department of Labor effectively makes the 60-day delay into a 270-day one as part of document that was supposed to only formalize the postponement until June 7
April 5, 2017 at 7:41 PM
DOL rule-killers now on defense as legal failures add up, reinforcements don't make it to Washington and the clock ticks down
Cumulative effect of Puzder and Scaramucci implosions and looming April 10 go date shifts momentum to the rule's standard bearers
February 15, 2017 at 6:32 PM
'Forum-shopped' Texas judge, refusing to play along, torpedoes Wall Street's efforts to stay the DOL rule -- narrowing chances of an end run by Trump and stockbrokers
DOL rule's would-be killers face the quagmire of law-making; Chief Judge Barbara Lynn grilled DOL, promised that it signaled nothing, and that turned out to be true
February 9, 2017 at 2:46 AM
How Trump's backtrack on DOL rule burned his most ardent anti-rule supporters and the opening Elizabeth Warren is exploiting
Threat of losing DOL rule sparks a new public consciousness and the Massachusetts Senator gives shout-out to Betterment, XY Planning and BlackRock
February 7, 2017 at 10:46 PM
Wall Street women pile into buses and cars, head south on I-95 to protest Trump
Pack up that Nasty Woman T-shirt for a pre-dawn trip and client blowback be damned
January 21, 2017 at 2:06 AM
Who's afraid of Virginia Foxx and friends? Maybe pro-DOL forces should be but no panic yet
With nine days and counting until President Trump, Conservatives deploy fresh troops in Washington with guns trained on the DOL rule
January 12, 2017 at 12:49 AM
Mum on DOL rule, Labor chief appointee Andy Puzder's 'check-the-box' 401(k) plan at CKE Restaurants speaks volumes
The expensive Mercer-advised pension plan has low participation rates, low balances, no matches and few assets overall
December 13, 2016 at 8:50 PM
The DOL rule is DOA -- and that's just the beginning, says RIA champion Brian Hamburger, law school chum of odds-on chief of staff Reince Priebus
Another Trump advisor, hedge fund biggie Anthony Scaramucci, says the DOL rule is a goner along with other post-'08 consumer firewalls -- but fiduciary advocates see one last bulwark: BICE
November 11, 2016 at 5:29 PM
In new wrinkle, ERISA complaint of Edward Jones employees centers on failure to offer yield-chasing money market alternative
The 401(k) lawsuit in the name of 38,000 participants resumes the parade of lawsuits against the giant broker-dealer based on revenue sharing arrangements
September 6, 2016 at 6:04 PM
Will the alternative assets Intel added to its 401(k) plan backfire legally as well as financially?
New lawsuit alleges that spicing the DC plans with $2.5 billion of bets on de facto dark pools of 'shudder'-worthy alternatives cost participants hundreds of millions of dollars
