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By Melanie Waddell, AdvisorOne |
August 24, 2011
Two of the nation’s top regulators—Mary Schapiro and Phyllis Borzi—continue to face a barrage of criticism over their decision to do what they believe is best for investors: expanding the definition of who’s a fiduciary.
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By Melanie Waddell, AdvisorOne |
August 4, 2011
Advisors are taking their objections to the DOL's controversial rule amending the definition of fiduciary straight to the White House.
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By Melanie Waddell, AdvisorOne |
July 27, 2011
A day after lawmakers told the EBSA to repropose its controversial rule amending the definition of fiduciary under the Employee Retirement Income Security Act (ERISA), Sen. Kay Hagan, D-N.C., said Wednesday that her office plans to meet with both Borzi and Secretary of Labor Hilda Solis to discuss the fiduciary...
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By Melanie Waddell, AdvisorOne |
July 26, 2011
Lawmakers told EBSA head Borzi on Tuesday to repropose EBSA’s controversial regulation amending the definition of fiduciary because it's too broad and because the agency failed to examine the full cost of expanding the definition.