The Client: ERISA plans/institutional management
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September 4, 2018As Merrill Lynch Reverses Ban, Investors Urged to "Steer Clear" of Commission-Based AccountsConsumer advocate believes investors need to proactively look for fee-based advisors.
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August 30, 2018More LPL FAs Can Now Serve as 401(k) FiduciariesThe firm is relaxing some of the requirements, such as the minimum number of defined-contribution plans and years of experience.No Comments
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August 7, 2018Wells Fargo Beats Class Action Alleging Self-Dealing and Favoring its Own FundsMeanwhile, Citigroup has settled a $6.9 million lawsuit accusing the firm of steering employees into its own products.No Comments
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July 20, 2018New York State Adopts Best Interest Standard for InsuranceThe regulation will apply to annuities and life insurance and goes into effect in August.No Comments
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July 16, 2018Fiduciary Legislature at the State Level Slows But ContinuesA New York bill didn’t make it out of committee but a Nevada bill might become law.No Comments
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July 9, 2018Judge Opens Way for the DOL Fiduciary Rule's SurvivalA Texas judge’s order allows anyone seeking “further relief” to submit their requests until July 12.Last Comment: July 9, 2018
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June 18, 2018Merrill Lynch Mulls Reversing Ban on Commission-Based Retirement AccountsThe wirehouse’s brokers welcome the review, although some say it could be embarrassing to explain to clients.No Comments
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June 14, 2018Clock Runs Out on DOL Appeal to Supreme Court on Fiduciary RuleMeanwhile, a government watchdog slams the agency on failing to provide records on the roll-back of its best-interest rule.No Comments
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May 24, 2018Appeals Court Again Denies Bid to Save DOL Fiduciary RuleFifth Circuit Appeals Court stands by its refusal to let state AGs intervene.No Comments
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May 21, 2018Three States Continue the Fight to Save DOL’s Fiduciary RuleCalifornia, New York and Oregon ask Fifth Circuit Court to reconsider its refusal to let them in on a lawsuit challenging the best-interest rule.No Comments
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