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Articles tagged "Department of Labor"


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Jason Roberts: There were lessons learned during the last rulemaking that may expedite some of the drafting and/or avoiding.

The Labor Dept. will publish the proposed 'Biden' DOL Fiduciary Rule (likely) next week, it says, but today it de-fanged the Trump ESG prohibitions

Two years after President Biden took office, the federal agency is ready to unleash a centrist DOL rule that eviscerates Trump's influence but stops short of Obama's stringent proposal.

November 23, 2022 at 2:15 AM

Aron Szapiro: Undoing this rule is key to mainstreaming ESG.

Big effect of DOL's proposed undoing of Trump-era 401(k) ESG investing chill is to permit ESGs TDFs as default option where BlackRock and Natixis have products

The Labor Dept. stops short of giving fiduciaries environmental, social and governance factor carte blanche but recognizes non-pecuniary factors are legit considerations.

October 14, 2021 at 1:08 AM

Phyllis Borzi: Trump administration didn't follow the customary 60-day comment period expected.

Trump administration 'ramrodding' DOL rule to beat 2020 presidential election, depriving advisors ability to comment, says Ex-Obama DOL official Phyllis Borzi, the 'Godmother' of ERISA

The Trump administration is trying to wave a magic wand, and it's going to work, but it may make matters worse for the pro-suitability lobby if Joe Biden becomes President

September 4, 2020 at 3:43 AM

Marcia Wagner:  The new rules may appear more lax, but the Obama Administration rules may have been overkill.

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

Phyllis Borzi: We're troubled by this and employers are having a hard time finding the documents they're looking for.

Phyllis Borzi tightens the noose on 401(k) providers that flout DOL disclosure, not without critics

The idea is to have a de facto big red arrow pointing to key disclosures on revenue sharing but it'll add to the verbiage surplus

March 11, 2014 at 9:04 PM

Matthew Hutcheson testified in Congress about 401(k) plans and now the DOL is breathing down his neck.
May 10, 2012 at 5:09 AM

Phyllis Borzi: If it gets rid of schlocky advice, that’s okay with me.

Proposed DOL regs expose more advisors to fiduciary liability

Language of rules amounts to better ammo for lawyers

October 22, 2010 at 6:17 AM

If only the conference commitee room were this peaceful.

Regulatory Wire: former SEC chairs slam financial services reform

Plus, DOL's new webinar on 401(k) compliance; the SEC speaks on target date funds; and questions about Stoneridge

June 18, 2010 at 5:17 AM

If Congress passes financial reform, it only sets the stage for a new host of FINRA, SEC and DOL issues
May 14, 2010 at 5:38 AM

Lou Harvey: The bigger impact is on IRAs, not 401ks. There are a heck of a lot more IRAs out there and advisers involved in IRAs.

IRA assets could be ripped from the grasp of brokers if DOL has its way

With brokers disqualified, fee-only advisors may have 'phenomenal' opportunity to dominate $4.1 trillion IRA market

March 4, 2010 at 6:47 AM

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