As many investors learned during the tumultuous year of 2020, reliable financial and market advice has never been more valuable.
On Thursday, June 21, the U.S. Fifth Circuit Court of Appeals, based in New Orleans, confirmed a March decision to strike down the U.S. Department of Labor (DOL) fiduciary rule for persons providing investment advice for retirement accounts.
In a split decision (2-1) on March 15, the Fifth US Circuit Court of Appeals, which oversees litigation from district courts in Louisiana, Mississippi, and Texas, vacated the Department of Labor’s fiduciary rule for persons providing investment advice and p
You may recall the dustup that happened last February, when President Trump announced by memorandum a delay in the implementation of the fiduciary rule for retirement plans, scheduled to take effect on April 10, 2017.
At last week’s TD Ameritrade conference, the halls were abuzz with news that an executive order signed by President Trump on February 3, 2017, would halt implementation of the Department of Labor’s fiduciary rule.
A few weeks ago, RIA Biz ran an interesting article on the fate of the DOL’s fiduciary rule where MarketCounsel president and CEO Brian Hamburger predicted a Trump admi
We heard some good news about the Department of Labor’s (DOL) new fiduciary regulations last week. William McNabb, chairman and chief executive officer of Vanguard, said at the Morningstar Investment Conference last week that he believes the new regulations will be enacted, despite a flurry of lawsuits filed against the new rules.
The lawsuit everyone has been waiting finally arrived last week, perhaps opening the litigation flood gates.
When the Department of Labor (DoL) finalized its fiduciary rule last week, it seems there was something for everybody. As of January 2018, all financial advisors will be required to act in their client’s best interest when giving retirement investment advice.
At a time when political rhetoric surrounding Congress inserting itself into the fiduciary debate has muddied the waters for consumers of financial advice, Joshua Brown’s The
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