Posts Tagged
Department of Labor
Wall Street Groups Sue to Block ‘Unworkable’ Fiduciary Rule
published Jun 2nd 2016, 5:48 pm, by Katherine Chiglinsky and Elizabeth Dexheimer (Bloomberg) — Wall Street and business lobbying groups have teamed up to fight the Obama administration’s new rules for U.S. brokers managing retirement accounts, saying the regulations include a “ deliberately unworkable” fiduciary standard. The U.S. Chamber of
Labor Department Wants to Fix Your Retirement Plan: Matt Levine
©2015 Bloomberg View NMV5G66JTSEA (Bloomberg View) — Yesterday, the Department of Labor released its proposed rules “to protect consumers from conflicts of interest in retirement advice” by requiring brokers to act in their customers’ best interests when dealing with individual retirement accounts. The concern is that a lot of retirement advice is provided
