Phyllis Borzi

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  DOL Fines Sherwin-Williams $80M for Tax Violations

  By Melanie Waddell, AdvisorOne  |  February 21, 2013

  The agreement comes after the department’s EBSA investigated whether Sherwin-Williams, seeking to take advantage of tax breaks, improperly managed the plan.

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  DOL Slams ING Life and Annuity With $5.2M Fine

  By Melanie Waddell, AdvisorOne  |  February 4, 2013

  The company was fined over its failure to disclose investment gains achieved when it failed to process requested transactions in a timely manner.

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  Record Attendance, Upbeat Mood at FSI Conference

  By John Sullivan, AdvisorOne  |  January 29, 2013

  The new year finds the Financial Services Institute optimistic and on a roll.

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  Emboldened Borzi Is Back

  By Melanie Waddell, AdvisorOne  |  January 21, 2013

  Bolstered by another four years in her position under a re-elected Obama administration, Phyllis Borzi is adamant that EBSA’s fiduciary rule will see the light of day this year.

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  Labor Secretary Solis Resigns

  By Melanie Waddell, AdvisorOne  |  January 10, 2013

  Labor Secretary Hilda Solis announced Wednesday that she is resigning after four years in the Obama administration.

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  Will the DOL Finally Show that Fiduciary Advice Is Better Business?

  By Bob Clark, AdvisorOne  |  December 27, 2012

  Cornerstone of new proposal is expected to be “substantial economic analysis.”

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  Three Washington Heavyweights to Drive Advisor Agenda in ’13

  By Melanie Waddell, AdvisorOne  |  December 19, 2012

  Three key Washington heavyweights will have a crucial role in advisors’ lives next year: Elisse Walter, the new SEC chairman; Rep. Jeb Hensarling, the incoming House Financial Services chairman; and Phyllis Borzi, at the DOL’s EBSA.

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  DOL Proposes Streamlining Bankrupt Companies’ Plan Distributions

  By Melanie Waddell, AdvisorOne  |  December 11, 2012

  EBSA issued a proposed rule and a related class exemption designed to make it easier for Chapter 7 bankruptcy trustees to distribute assets from bankrupt companies’ retirement plans.

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  Borzi: DOL to Offer New Version of Fiduciary Rule in ‘Several Months’

  By Melanie Waddell, AdvisorOne  |  December 7, 2012

  The DOL plans to repropose its controversial rule to amend the definition of fiduciary under ERISA “in several months,” Phyllis Borzi the DOL’s EBSA, told AdvisorOne on Friday.

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  New Hire Roundup: Mullis Joins Securities America; BlackRock’s New Strategist

  By Marlene Y. Satter, AdvisorOne  |  November 20, 2012

  This week in new hires, Michael Mullis became a registered rep with Securities America; BlackRock named Russ Koesterich its new chief investment strategist; and Michael Davis left EBSA for Prudential.