Tag: Investment advice

Nearly all American investors agree financial advisers should be required to proactively disclose conflicts of interest, actual or potential, to would-be clients. 

A group of mostly Republican Congressional representatives are urging Secretary of Labor Thomas Perez to scrap the current fiduciary rule proposal.

With Tuesday’s deadline to submit comment letters about the fiduciary proposal, announcements came from many organizations.

Fitch Ratings warns the proposed fiduciary rule language from the DOL would substantially impact current adviser and investment fund provider business models.

SEC staff intends to revamp focus on registered investment advisers and broker/dealers selling investment products to retail investors and retirement savers.

A committee approved an appropriations bill that would restrict the Department of Labor in its fiduciary rule efforts.

Labor Secretary Perez was just about the only witness called to a recent Congressional hearing to actually defend the DOL’s fiduciary redefinition effort.

Calls update to a 40-year-old rule “long overdue.”

The announcement also includes the official notice of an extended comment period.

The U.S. Chamber of Commerce issued a report warning the fiduciary rulemaking effort could harm small business employees. 

The SEC announced fraud charges against an Atlanta-based investment advisory firm and two executives accused of selling unsuitable investments to police, firefighter and transit worker pension funds.

Reforms by the SEC to modernize financial adviser disclosures remain in the early stages, but the eventual impact could be substantial for firms offering separate account services to...

The Securities and Exchange Commission (SEC) took a big step Wednesday towards modernizing the reporting and disclosure practices of registered investment advisers and fund companies, voting to propose...

The proposed conflicted investment advice rule from the DOL is designed to protect retirement plan and IRA participants, but experts attending the ASPPA Virtual Conference aren’t sure the...

The Department of Labor (DOL) announced its Advisory Council on Employee Welfare and Pension Benefit Plans (also known as the ERISA Advisory Council) will hold a meeting May...

Some believe more 401(k) plans will switch to government money market funds to respond to SEC rule changes.