While We Wait: The Current Fiduciary Rule and Annuities This is my 41st article about interesting observations concerning the Department of Labor’s fiduciary rule and exemptions. These articles also cover the DOL’s FAQs interpreting the regulation and exemptions and related developments in the securities laws. As explained in previous posts,
The DOL has published Field Assistance Bulletin 2017-1, which provides some limited temporary relief while the industry waits to find out if the Fiduciary Rule will be applicable April 10. The Drinker Biddle Employee Benefits and Executive Compensation Group has written a Client Alert, in which we discuss the two scenarios
New Rule, Old Rule: What Should Advisers Do Now? This is my 40th article about interesting observations concerning the Department of Labor’s fiduciary rule and exemptions. These articles also cover the DOL’s FAQs interpreting the regulation and exemptions and related developments in the securities laws. Now that it seems clear
FINRA Regulatory Notice 13-45: Guidance on Distributions and Rollovers This is my 39th article about interesting observations concerning the Department of Labor’s fiduciary rule and exemptions. These articles also cover the DOL’s FAQs interpreting the regulation and exemptions and related developments in the securities laws. Even though the DOL fiduciary
The Department of Labor (DOL) published a proposed rule to delay the applicability date of the fiduciary rule from April 10 to June 9. The proposal for the delay will still need to go through a regulatory process, including a 15 day comment period; however we expect that the DOL
SEC Examinations of RIAs and Broker-Dealers under the ReTIRE Initiative This is my 38th article about interesting observations concerning the Department of Labor’s fiduciary rule and exemptions. These articles also cover the DOL’s FAQs interpreting the regulation and exemptions. As explained in my last post (Angles #37), the SEC’s Office
SEC Retirement-Targeted Examinations This is my 37th article about interesting observations concerning the Department of Labor’s fiduciary rule and exemptions. These articles also cover the DOL’s FAQs interpreting the regulation and exemptions and related developments in the securities laws. In 2015, the Office of Compliance Inspections and Examinations (OCIE) of
Retirement Advice and the SEC While the DOL’s fiduciary regulation and prohibited transaction exemptions have occupied everyone’s attention over the last year, other regulatory agencies have been focusing on retirement plan issues, as well. For example, in its “Examination Priorities for 2017,” the SEC has indicated that it will focus
Presidential Memorandum on Fiduciary Rule Last Friday, the White House directed a memorandum to the DOL to review the fiduciary regulation and the related exemptions (the “fiduciary rules”). This article discusses what the memo did and did not do, and what the next steps are. As a legal matter, the
A Seminar Can Be a Fiduciary Act This is my 34th article about interesting observations concerning the Department of Labor’s fiduciary rule and exemptions. These articles also cover the DOL’s FAQs interpreting the regulation and exemptions. Last week, the DOL issued its second set of FAQs on the fiduciary rule
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