DOL

SIFMA C&L 2018 Annual Seminar Summary

Posted on April 2, 2018

Posted in SEC

General Session Panel Highlights

One-on-One with SEC Chairman Jay Clayton and SIFMA President & CEO Kenneth E. Bentsen, Jr.

The conference began with a one-on-one discussion with SEC Commissioner Clayton. He applauded the agency for its diverse talent and an ability to coordinate effectively with other state and federal regulators and FINRA.

Commissioner Clayton acknowledged…

President Trump Signs Executive Order Establishing “Core Principles” of Financial Regulation and Addressing the DOL Fiduciary Rule

By Richard A. Sirus on February 6, 2017

Posted in Financial Regulation

On Friday, Feb. 3, 2017, President Trump signed an executive order entitled, “Core Principles for Regulating the United States Financial System.” While the Order was widely characterized as commencing a roll-back of financial regulations, including the Dodd-Frank Act and the Fiduciary Rule,[1] the text of the actual order is more modest. It instead sets…

Fiduciary Standard Rule for Retirement Accounts Approved

By John K. Wells on April 12, 2016

Posted in Financial Regulation

The Department of Labor has given final approval to its long-anticipated “fiduciary standard” regulation. The new rule – which has been in the works for nearly six years – requires financial advisors who provide investment recommendations for retirement accounts to meet a fiduciary standard by putting clients’ interests before their own. Previously, a registered representative…