The Practice: Regulatory/legal issues
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July 13, 2017GOP Lawmaker Submits Bill to Kill DOL’s RuleLegislation would replace DOL’s fiduciary rule with best interest standard for retail advice brokers.
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July 12, 2017UBS Lawsuit Hinges on Definition of SolicitationExperts say both FAs and UBS will be hurt by the lawsuit … but more so UBS.Last Comment: July 13, 2017
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July 12, 2017Raymond James, LPL Cut Broker CompensationDOL Rule, tougher regulatory environment cited as reasons for cuts.No Comments
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July 12, 2017Two Tax Cuts Dropped from GOP Healthcare OverhaulRevised draft will now keep tax on investment income and medicare surtax for high earners.No Comments
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July 11, 2017Is the DOL Backing Down on its Fiduciary Rule?
Last week, in the 5th Circuit Court of Appeals, the DOL filed papers effectively dropping its defense of the fiduciary rule’s class-action lawsuit provision. While the department insists it will defend the rule against an onslaught of legal attacks, is this nonetheless a sign the DOL's support for the rule is diminishing?
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July 11, 2017Stifel's Hiring Push Aims to Thwart DOL Rule SlowdownUncertainty about new regs seen as weighing on BD recruiting in 2017.No Comments
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July 11, 2017Advisor Licensing is Becoming Much EasierA two-tier exam system goes into effect late 2018.No Comments
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July 10, 2017Finra Warns of Job Interview Phishing ScamsIndustry’s self-regulator suggests dropping video calls immediately when asked for personal or financial information.No Comments
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July 7, 2017NFL Star Forced to Take Ameriprise Suit to ArbitrationAttorneys put Darren McFadden’s $15 million suit on hold because of arbitration agreement.Last Comment: July 10, 2017
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July 6, 2017DOL Rule Opens More FAs to Negligence ClaimsA higher standard of care means more openings for regulatory and court cases.Last Comment: July 10, 2017
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