In June 2020, a new proposal, Proposal 3.0, was released by the Department of Labor, which “reinstated the investment advice fiduciary definition in effect since 1975 accompanied by new ...
The new buzzword within the financial industry is “fiduciary,” but what does it really mean for an adviser to be a fiduciary? A fiduciary is someone who acts on behalf of another person ...
The Labor Department has filed a motion to pause two federal court cases challenging the Retirement Security Rule, which was ...
What it means to be a fiduciary advisor has a long and convoluted history. In fact, the original "fiduciary rule" was introduced by the U.S. Department of Labor around the same time consumers ...
When it comes to demonstrating and maintaining a fiduciary duty, financial professionals who have the accredited investment fiduciary, or AIF, credentials have a little more "oomph." This ...
The Trump administration Department of Labor wants a time out from ongoing lawsuits to decide how to deal with its latest fiduciary rule.
The US Department of Labor has asked the 5th Circuit Court of Appeals to pause its appeal of a stayed rule that would have expanded the definition of a “fiduciary” under the Employment Retirement ...