Deputy Assistant Secretary Timothy Hauser was scheduled to participate but abruptly backed out late last week, after the Insured Retirement Institute joined a lawsuit seeking to vacate the rule.
If a firm's transition to the Best Interest Contract Exemption is done using paper contracts and disclosure forms, it could be costly, difficult and risky to manage.
More than 30,000 non-traditional ETF transactions, totaling approximately $1.7 billion, were carried out by Oppenheimer representatives, according to the regulator.
These ideas for programs could significantly reduce the complexity of advisers' jobs.
Don't be too proud to try out different approaches to uncover what works
Deputy assistant secretary Tim Hauser said the Labor Department has room to adjust the rule if problems arise.
By taking five steps, firms and their advisers can make sure they have addressed the corporate culture indicators on Finra's radar.
If the industry was really serious about getting rid of rogue brokers, it would do more both individually and through Finra.
The U.S. senator raised doubts on Thursday about whether the financial industry can police itself.
Advisers and firms must clearly reference and link to regulator's search tool on their websites.
Fund giant offering financial advisers a tool for evaluating the funds that adheres to the 2013 guidance from the Department of Labor.
The penalty is the regulator's largest ever relating to anti-money laundering compliance.
The custodian cites too many tech options as the reason to end its dashboard partnership.
DOL's rule accelerates an opportunity for these firms to wrap products into advice-driven online platforms.
Encouraging more women to join the industry would go a long way toward addressing the looming talent gap and better reflect the marketplace we serve.
<i>Breakfast with Benjamin</i> New research suggests that some tech-crazy millennial investors are moving beyond the robos to work closely with human financial advisers.
These tools have helped Morningstar's Sheryl Rowling stay on top of business while traveling abroad.
New regulation has broad reach, so when in doubt, use the best interest contract exemption, assistant secretary says.
Morningstar's Sheryl Rowling is amazed at how quickly her computer now boots up and programs open up instantly.
<i>Breakfast with Benjamin</i> Paying attention to how stocks trend between August and November could be a giveaway for which party's candidate will be elected president.
