Articles tagged "DOL"
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A veteran securities lawyer takes contrarian stance that the DOL is still 'suitability' reworded, when boiling its 1,000-page 'rule' down to 16-page 'guide'
In prolix prose, the Labor Department's 'exemptions' sound like fiduciary exceptions; as poems, they sound like suitability-level loopholes
January 18, 2017 at 6:23 PM
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
The 10 RIABiz stories advisors connected with most deeply in 2016 and how hubris and humility ran amok in this didn't-see-it-coming year
How did Aequitas swamp CONCERT? Power outages at LPL, Cetera and Wealthfront? Adolescent robo problems? And was that Tony Robbins hawking his money book ... again?
December 28, 2016 at 5:54 PM
Critic calls 'laughable' FSI study that shows only 14% of advisors want DOL rule to stay
The lobby group that sued to stop the DOL rule surveyed 1,300 member stockbrokers -- of whom 71% voted for Donald Trump
December 1, 2016 at 8:43 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
One security lawyer's unvarnished take on DOL's 34 answers to 34 questions and what unsettles him about them
The 24-pages of government-speak only make a dent in comprehending the 1,000-page rule -- and the DOL says there's more guidance on the way
November 8, 2016 at 6:46 PM
Why the DOL's Draconian and premature interpretation of its new rule is the 'end of the world as we know it' for wirehouse recruiting but a bonanza for the RIA business
Last week's DOL Q&A cast an immediate chill on wirehouses whose back-end-loaded incentives meant to jack up sales production have essentially been outlawed
November 4, 2016 at 4:02 PM
eMoney form inspires Fidelity function in NYC that serves up a familiar menu with fine garnish
Philip Palaveev, not for the first time, kept Fidelity’s Inside Track conference as sparkly as its ballroom
October 27, 2016 at 7:44 PM
Using DOL as cover, Bank of America cuts the Merrill Lynch bull as it adds a robo, stops paying brokers to stick around and kicks John Thiel upstairs
The Charlotte, N.C.-based lending giant bagged the Wall Street beast in 2009 when the price was right -- now it's cutting off its traditional food supply
October 18, 2016 at 10:41 PM
The short scoop on Wall Street's claim that the DOL rule is too long
The core of the Labor Dept's rule is 237 words; blame the prolix portion on exemptions accorded to complainers' interests
July 19, 2016 at 6:53 PM
DOL rule still has feet tangled in the struggle to define difference between 'suitability' and 'fiduciary'
Fiduciares keep flunking a definition of useful accountability and the giant brokerage lobby keeps exploiting its 'F'
June 27, 2016 at 6:26 PM
Why SIFMA & Co.'s trip to a friendly North Texas court to upend the DOL rule looks more like its Alamo
Little credence is being afforded anti-DOL rule crowd that is trying to flip the script on who is screwing whom
June 6, 2016 at 9:47 PM
How the DOL brought the IRS wolf to the RIA door with its 'rule' -- think IRAs
The Internal Revenue Service was always the IRA cop for individuals but now advisors may answer to the tax man
May 13, 2016 at 10:19 PM
DOL glows and Invesco glowers over $10 million settlement of alleged ERISA infraction
Labor Department's Phyllis Borzi praises Invesco Trust Company for 'stepping up' but the Atlanta fund company says it did nothing wrong and was merely extracting itself from DOL overreach
May 3, 2016 at 7:34 PM
Don Trone's 7 reasons why the DOL rule is flawed to the point of 'folly'
Hurling jabs at opponents and proponents alike, the fiduciary maven says both sides failed to recognize and incorporate the role of RIAs
