The Client: ERISA plans/institutional management
August 7, 2018
Wells Fargo Beats Class Action Alleging Self-Dealing and Favoring its Own Funds
Meanwhile, Citigroup has settled a $6.9 million lawsuit accusing the firm of steering employees into its own products.
July 20, 2018
New York State Adopts Best Interest Standard for Insurance
The regulation will apply to annuities and life insurance and goes into effect in August.
July 16, 2018
Fiduciary Legislature at the State Level Slows But Continues
A New York bill didn’t make it out of committee but a Nevada bill might become law.
July 9, 2018
Judge Opens Way for the DOL Fiduciary Rule's Survival
A Texas judge’s order allows anyone seeking “further relief” to submit their requests until July 12.
Last Comment: July 9, 2018
June 18, 2018
Merrill Lynch Mulls Reversing Ban on Commission-Based Retirement Accounts
The wirehouse’s brokers welcome the review, although some say it could be embarrassing to explain to clients.
June 14, 2018
Clock Runs Out on DOL Appeal to Supreme Court on Fiduciary Rule
Meanwhile, a government watchdog slams the agency on failing to provide records on the roll-back of its best-interest rule.
May 24, 2018
Appeals Court Again Denies Bid to Save DOL Fiduciary Rule
Fifth Circuit Appeals Court stands by its refusal to let state AGs intervene.
May 21, 2018
Three States Continue the Fight to Save DOL’s Fiduciary Rule
California, New York and Oregon ask Fifth Circuit Court to reconsider its refusal to let them in on a lawsuit challenging the best-interest rule.
May 14, 2018
DOL’s Fiduciary Rule is Still in Effect, Lawyer Warns
The Fifth Circuit court was expected to issue an order vacating the rule May 7 but has yet to do so.
May 14, 2018
Scottrade Pushes Back on Galvin’s Fiduciary Rule Case
Company’s lawyers argue the Massachusetts securities regulator is the only one who believes the rule exists.