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By Dale Brown, Financial Services Institute |
April 10, 2012
As comments from the House committee hearing over the redefinition make clear, opposition to the DOL’s redefinition of ‘fiduciary’ is bipartisan and fierce.
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By Marlene Y. Satter, AdvisorOne |
March 22, 2012
Chancellor of the Exchequer George Osborne on Thursday prompted a chorus of jeers over the budget he unveiled, which cut the top tax rate on Britain’s wealthiest even as it eliminated tax deductions for pensioners.
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By Melanie Waddell, AdvisorOne |
March 21, 2012
At a House hearing, lawmakers took Labor Secretary Hilda Solis to task Wednesday over how the DOL’s recrafting of its fiduciary rule is progressing—specifically on the timing of the re-proposed rule and the rule’s inclusion of IRAs.
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By Melanie Waddell, AdvisorOne |
March 1, 2012
The Department of Labor’s Employee Benefits Security Administration (EBSA) released in early February its long-awaited final rule on 401(k) fee disclosures, rule 408(b)(2), and in doing so extended the compliance date to July 1.
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By Marlene Y. Satter |
February 17, 2012
Christian Wulff, president of Germany, abruptly quit his post in the midst of an escalating financial scandal, complicating the job of Chancellor Angela Merkel in negotiations over the eurozone debt crisis. Wulff may face charges of corruption as investigators seek to eliminate the immunity conferred by his office to probe...
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By Melanie Waddell, AdvisorOne |
February 2, 2012
Labor’s Employee Benefits Security Administration said Thursday it would extend the compliance deadline of rule 408(b)(2) to July 1.
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By Marlene Y. Satter |
January 4, 2012
This week in new hires, Securities America announced officer promotions and Damion Hendrickson joined HSBC.
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By Marlene Y. Satter, AdvisorOne |
December 14, 2011
Prime Minister Mario Monti has his hands full. Not only is he dealing with Italy’s debt crisis, but his efforts to enforce and increase austerity measures in the country, as well as his choices for cabinet members, referred to by some groups as the “party of bankers,” are escalating public...
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By Melanie Waddell, AdvisorOne |
November 28, 2011
Rep. Barney Frank, D-Mass., ranking member on the House Financial Services Committee who co-authored the landmark Dodd-Frank financial reform legislation, announced Monday that he will not seek re-election in 2012 and plans to retire from Congress at the end of next year.
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By Melanie Waddell, AdvisorOne |
November 8, 2011
More than 30 House Democrats sent a letter to Secretary of Labor Hilda Solis that not only thanked her for Phyllis Borzi’s decision to withdraw the DOL’s proposed rule redefining the term fiduciary, but also set out specific areas the new rule should address when it’s reproposed in early 2012.
