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Articles Posted in Labor Department

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DOL Says It Will Modify Fiduciary Rule Proposal Involving Retirement Accounts

In the wake of criticism regarding its proposed rule to enhance the investment advice standards that brokers must abide by when working with retirement accounts, the U.S. Department of Labor official reportedly will make modifications. Under the current proposal, brokers would have to act in their clients’ best interests in…

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SIFMA Says White House Isn’t Entirely Right About The Cost of Abusive Trading to Investors

The Securities Industry and Financial Markets Association claims that the White House is employing a methodology that is flawed to make the claim that investors are losing around $17 billion in retirement funds yearly because of trading practices that are abusive. SIFMA is against imposing tougher rules against brokers, including…

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