Fiduciary Rule

The future of a rule meant to protect the clients of financial and retirement advisors is in jeopardy after a U.S. Court of Appeals decision.  What’s Happened A federal appeals court on Thursday overturned a February ruling in a lower court that upheld the Department of Labor’s...

In the eight months since President Donald Trump assumed office, the financial sector has been moved by quite a few catalysts. There’s the bipartisan press for the 21st Century Glass-Steagall Act, which would more solidly bifurcate banks into commercial and investment segments to improve...

The first stage of an important new rule for anyone who uses a financial advisor will officially roll out on Friday. The Department of Labor is moving forward with the first stage of the new fiduciary rule, a federal regulation requiring financial advisors to act in the best interest of their...

A federal court on Thursday upheld the Labor Department's Fiduciary rule, in defiance of a Trump executive order signed on Feb. 3, which sought rescinding the rule enacted by his predecessor The executive order, though not taking effect immediately, sought the Labor Department to review options...

The Trump administration suffered another drubbing at the hands of the judiciary, with a federal court upholding the Labor Department's Fiduciary rule. It was only on Thursday that a federal appeals court unanimously rejected Trump's Executive Order on entry ("travel ban"), which seeks to ban...