Home Tags Fiduciary rule

Tag: fiduciary rule

BANK OF AMERICA considering whether to reverse a decision it made two years ago to remove broker commissions from Merrill Lynch retirement accounts. The move comes after the fiduciary rule was struck down in March by a U.S. appeals court. / BLOOMBERG FILE PHOTO/DAVIS TURNER

BofA weighs allowing commissions on Merrill retirement accounts

NEW YORK - Bank of America Corp., faced with a lighter regulatory climate in the Trump era, is considering whether to reverse a decision it...
WILLIAM F. GALVIN, secretary of the commonwealth, has urged the federal government to appeal the Fifth Circuit U.S. Court of Appeals recent ruling against the so-called "fiduciary rule" created by the U.S. Department of Labor. / COURTESY MASSACHUSETTS SECRETARY OF THE COMMONWEALTH

Galvin slams court’s decision on fiduciary rule

PROVIDENCE – William F. Galvin, secretary of the commonwealth, last week slammed a court decision to strike down the so-called “fiduciary rule” and urged...
NEGATIVE IMPACT: Malcolm A. Makin, president of Professional Planning Group in Westerly, says the U.S. Department of Labor’s so-called “fiduciary rule” will hurt investors by forcing wealth managers to charge fees for unmanaged assets and make it difficult for young investors to find wealth managers. / PBN PHOTO/MICHAEL SALERNO

Rule curbing fees could squeeze wealth managers

The so-called “fiduciary rule” could curb expenses for retirement savers by $17 billion each year, but end up unfairly squeezing smaller players in the...

Opinion: Fiduciary rule critics cry wolf about hurt investors

NEW YORK - It’s early days for the Department of Labor’s fiduciary rule, but its critics are already wagging their fingers and saying “we...
THE TRUMP ADMINISTRATION is moving to further delay part of an Obama-era fiduciary rule. / BLOOMBERG FILE PHOTO/ANDREW HARRER

Trump administration seeks further delay in labor fiduciary rule

NEW YORK - The Trump administration is moving to further delay part of an Obama-era rule to require brokers who offer retirement advice to...

Stay up to date with PBN's Morning Call & Daily Edition newsletters.

- Featured Event -

Latest News

Get Award-Winning Journalism: Unlimited access to PBN
Digital + Print for just $1.90 per week.

(with annual subscription)