DOL
Get the latest news and insights on the Department of Labor's moves around the fiduciary rule, other financial regulations, enforcement actions and more.
October 17, 2012
How to Prepare for—and Prevent—a DOL AuditAn AXIS Retirement Analytics Platform webinar told covered service providers how to avoidand prepare for, should it come to thatan audit from the Department of Labor.
September 07, 2012
DOL Safe Harbor Clarification for Lifetime Guarantees Sought by NAIC, Life InsurersPrudential and other life insurers are joining the NAIC in requesting that annuity products, especially those that provide guaranteed lifetime income, are given safe harbor under ERISA's fiduciary rules.
September 07, 2012
DOL Safe Harbor Clarification for Lifetime Guarantees Sought by NAIC, Life InsurersPrudential and other life insurers are joining the NAIC in requesting that annuity products, especially those that provide guaranteed lifetime income, are given safe harbor under ERISA's fiduciary rules.
August 27, 2012
Harmonizing DOL, SEC Fiduciary Rules Forces a Stark Choice, fi360 Warns LawmakersHarmonizing the two rules, fi360 says, would require the SEC to toughen its rules or the DOL to relax them, violating ERISA requirements and weakening protections for retirement plan participants.
August 23, 2012
SEC, FINRA, DOL Enforcement Roundup: Investing Website Exposed as $600M ScamA CEO who fed inside tips to a pro baseball player and an investment website running a $600 million Ponzi scheme were among those charged by the SEC recently.
July 24, 2012
Borzi on the Hot Seat, AgainPhyllis Borzi is once again feeling heatthis time from House Democratsover her insistence on including individual retirement accounts (IRAs) in the Department of Labors reproposed fiduciary rule.
July 10, 2012
FSI Fires Back on DOL's 'Disappointment' with Industry Data CollectionThe FSI's letter is a direct response to the June 20 letter from Phyllis Borzi to Congressmen, Education and Workforce Committee Chair John Kline, R-Minn., and Ranking Member George Miller, D-Calif.
June 26, 2012
Time’s Up on DOL’s 408(b)(2) DeadlineThe July 1 compliance date for the Department of Labors (DOL) final 408(b)(2) fee disclosure rule has finally arrived, and even though the final rule was a long time coming, covered service providers have been ramping up their compliance efforts for months.
June 26, 2012
Ex-EBSA Head Sees No Fiduciary Plan Before ElectionBrad Campbell, the former head of EBSA, predicted Tuesday that the DOL wont release its reproposed fiduciary rule until after the presidential election in November.
June 21, 2012
SEC, FINRA, DOL Enforcement Roundup: Investment Advice From the HeavensRecent enforcement actions included an astrology-based Ponzi scheme, along with fines for Morgan Keegan, Edward Jones and Janney Montgomery Scott.