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
Discretionary Management, Rollovers and BICE This is my 33rd 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. Most broker-dealers and RIA firms are familiar with the provisions of the Best Interest Contract Exemption
Please join us for the nineteenth Inside the Beltway presentation, scheduled for January 26, 2017. This is the next session in an ongoing series of free audiocasts presented by Fred Reish and Brad Campbell, of Drinker Biddle & Reath, discussing developments in Washington that directly impact our industry. The presentation is
What “Level Fee Fiduciary” Means for Rollover Advice This is my 32nd 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 article #30 in the Angles series, in order to use
“Un-levelizing” Level Fee Fiduciaries This is my 31st 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. In the last article I posted, I discussed the three meanings of “Level Fee Fiduciary.” This article
Three Kinds of Level Fee Fiduciaries . . . and What’s A “Level Fee?” This is my 30th 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. The DOL’s use of the phrase “Level
Capturing Rollovers: What Information is Needed? This is my 29th 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. The Department of Labor’s fiduciary regulation provides that a recommendation to take a distribution from
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