Labor

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  German President Resigns Amid Scandal

  By Marlene Y. Satter, AdvisorOne  |  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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  DOL Releases Long-Awaited 401(k) Fee Disclosure Rule

  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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  New Hire Roundup–Securities America Promotes Hulett; Hendrickson Joins HSBC

  By Marlene Y. Satter, AdvisorOne  |  January 4, 2012

  This week in new hires, Securities America announced officer promotions and Damion Hendrickson joined HSBC.

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  Italian 'Party of Bankers' Evokes Threats of Violence

  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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  Rep. Barney Frank to Retire, Will Not Run in 2012

  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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  House Democrats to DOL: Fiduciary Reproposal Should Meet Certain Standards

  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.

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  The Wall Street Journal’s Contribution to the Fiduciary Argument

  By Bob Clark, AdvisorOne  |  August 30, 2011

  A WSJ editorial on retirement plan protection is the best argument why all financial advisors who advise retail customers should be subject to a fiduciary standard.

• Fiduciary Rule Proposal Prompts Senator to Call Meeting With DOL

  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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  The Hispanic Workforce Is Rising, but Lack of Education Still Holds These Workers Back

  By Savita Iyer-Ahrestani, AdvisorOne  |  April 1, 2011

  The 50 million Hispanics in the U.S. represent 15% of the American workforce, and the Hispanic small business sector is the country's fastest growing sector.

• Chamber of Commerce Announces Support for Pension Transparency Act

  By Danielle Andrus, AdvisorOne  |  February 10, 2011

  The U.S. Chamber of Commerce announced Wednesday its support for the Public Employee Pension Transparency Act.