Compliance January 10th, 2024 Bitcoin and Brokerage Windows: A Risk for Fiduciaries? The DOL has not yet commented on cryptocurrency investments in the wake of the SEC’s approval of bitcoin exchange-traded products.
Compliance January 10th, 2024 1st House Hearing on Fiduciary Proposal Falls Along Partisan Lines Congress weighs in on the controversial proposal for the first time, with Republicans often against and many Democrats in support.
Compliance January 9th, 2024 Biden Re-Nominates Julie Su as Secretary of Labor Although the nomination made it out of committee in March 2023, it has not been brought to a vote of...
Compliance January 9th, 2024 401(k) Litigation Continues At ‘Fever Pitch’ Euclid Fiduciary’s litigation summary shows a dip in lawsuits in 2023, but signs of an uptick this year.
Compliance January 8th, 2024 50 House Reps Push Back On DOL Fiduciary Proposal Bipartisan group urges DOL to ‘withdraw and cease efforts’ to move ahead with retirement security rule targeting annuities and one-time...
Compliance January 3rd, 2024 Fiduciary Proposal Comment Period Ends With More Mixed Feedback The IAA and Morningstar offered conditional support to the Department of Labor’s proposal and the ACLI called for a full...
Compliance December 29th, 2023 American Securities Association Says DOL Acting Secretary Cannot Finalize Fiduciary Proposal The trade organization challenged the DOL’s proposal on several grounds, including that an acting cabinet secretary cannot finalize a rule.
Compliance December 21st, 2023 Empower, SPARK Push Back Against Fiduciary Proposal Their concerns arise from the wide range of sales conversations that take place between recordkeepers and plan sponsors and the...
Compliance December 19th, 2023 Debating the Fiduciary Proposal: Pros and Cons Two industry players debate issues surrounding rollovers, annuity sales, and access for smaller accounts.
Compliance December 13th, 2023 Adviser, Planner Communities Give Qualified Support for Fiduciary Proposal The highly controversial proposal from the DOL has received support from major industry actors, including the CFP Board and FPA,...
In Practice December 13th, 2023 Would DOL’s Fiduciary Proposal Help or Hinder Coverage Gap? Dissenters say the DOL’s proposed amendments would reduce access to needed retirement products.
Compliance December 12th, 2023 Fiduciary Rule Proposal Faces 1st Day of Dissent, Advocacy The DOL’s Retirement Security rule is seen as overbearing by some, necessary by others.
Compliance December 8th, 2023 DOL, IRS Announce Spring Regulatory Agendas The agendas contain important updates on fiduciary corrections and ESOP valuation.
Compliance December 5th, 2023 Inspector General Report Calls for Greater EBSA Authority The report argues that EBSA should have more authority over the Federal Thrift Plan and resources to conduct audits.
Compliance December 1st, 2023 Shareholder Rights, ESG Rules Begin Friday The new rule will permit the use of ESG considerations in exercising of shareholder rights.
Compliance November 16th, 2023 Biden Expected to Sign Continuing Resolution The resolution would prevent a government shutdown and keep the DOL funded through February 2.
Compliance November 15th, 2023 EBSA Denies Comment Period Extension for Fiduciary Proposal The regulator pushed back on industry requests to extend comment time for the controversial proposal; the period will still end...
Compliance November 10th, 2023 Advisers Selling Product, Not Process, in Fiduciary Rule Crosshairs Experts discuss the ripple effect of the Department of Labor’s proposed fiduciary rule amendments.
Compliance October 31st, 2023 DOL Publishes New Adviser Fiduciary Rule for Public Comment The proposal would make one-time advice for rollovers subject to ERISA.
October 31st, 2023 DOL Proposal Reactions Range From ‘Important Step’ to ‘Out of Touch’ Industry groups in the financial sector pushed back against the proposed amendments to fiduciary standards, while some championed it as...