All fiduciary articles
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Blog
SEC pushed to stress ‘fiduciary duty’ in forthcoming rules
Members of the SEC’s Investor Advisory Committee are recommending that forthcoming rules for investment advisers be made more explicit and in line with past visions of a “fiduciary duty.”
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Blog
Senators fret FINRA interpretation of SEC’s ‘Best Interest’ proposal
Democratic senators want FINRA to detail its interpretation of the SEC's proposed standards of conduct rule. FINRA will play a large role in implementing and enforcing the forthcoming rule package.
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Blog
Clayton promises public outreach for SEC’s fiduciary rule
SEC Chairman Jay Clayton said his agency will seek public input on a proposed fiduciary rule by supplementing public comments with short forms, multi-city roundtables, and an analysis by the Commission’s Office of the Investor Advocate.
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Article
Court strikes down Labor Department’s fiduciary rule—what’s next?
The Labor Department’s regulatory soap opera is facing another cliffhanger and an appeals court opinion that vacates it. But the story is far from over.
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Blog
House bills target fiduciary rule, CFPB oversight, privacy notices, more
The Financial Services Committee has advanced a slate of 22 bills. Among the topics: data protections for the SEC's Consolidated Audit Trail, the thresholds for SIFI designations, supporting emerging growth companies, and killing the Department of Labor’s fiduciary duty rule.
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Blog
IAA: Preserve advisers’ fiduciary standard, impose same on broker-dealers
Bucking the trend established by vocal critics of the rule, the Investment Adviser Association wants the SEC to preserve the fiduciary duty for investment advisers and adopt an equally stringent standard for broker-dealers.
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Article
Another delay in fiduciary rule could result in substantial revision
The Labor Dept. wants a substantial delay for remaining compliance milestones in its fiduciary rule. What happens in the interim?
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Blog
House bill is latest effort to rewrite fiduciary rule
While the Department of Labor sputters along with efforts to rescind its fiduciary duty rule for brokers, House Republicans are taking matters into their own hands.
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Blog
Government takes break from trying to kill fiduciary rule to defend it
The Labor Department has found itself in the awkward position of defending the controversial “fiduciary rule” in court while a series of repeal-minded efforts are underway.
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Article
SEC ponders public comments as fiduciary rule takes root with overseers
While the Labor Department and SEC are headed for a showdown over a fiduciary duty rule, another player has entered the mix: the CFP Board.
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Blog
Fiduciary rule not dead yet, compliance begins June 9
Thought the Labor Department’s fiduciary rule would be dead in the water or substantially revised under the Trump Administration? You may need to wait a while longer, and a June compliance deadline remains as scheduled.
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Blog
Labor Dept. seeks to delay fiduciary rule applicability
Following a presidential order to further review its controversial fiduciary duty rule, the Department of Labor is seeking to delay its effective date, allowing the time needed for additional analysis.
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ArticleFiduciary rule follies: court ruling creates presidential dilemmas
The Department of Labor’s fiduciary rule passed its latest legal challenge, with a dressing down of plaintiff’s concerns by a federal judge in Texas. The ball is now in the Trump Administration’s court. Joe Mont reports.
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Article
Trump’s regulatory overhaul goes beyond Dodd-Frank, fiduciary rule
No, President Trump didn’t just kill the fiduciary rule and dismantle Dodd-Frank. Recent executive orders have set the stage for something far more complex and far-reaching. Joe Mont investigates.