On April 25, 2024, the United States Department of Labor (USDOL) issued a final rule, the “Retirement Security Rule,” that significantly alters the definition of a “fiduciary” under the Employee ...

After years of anticipation, the Department of Labor’s latest attempt to expand the definition of fiduciary investment advice is now dead.

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On April 23, 2024, the U.S. Department of Labor (“DOL” or “Department”) issued a final regulatory package amending its fiduciary investment advice regulation and revising numerous existing prohibited ...

The Labor Department on Thursday released a proposed rule that would rewrite the definition of a fiduciary under federal retirement law to include anyone who provides investment advice for a fee to a ...

A new retirement security rule proposed by the Department of Labor is set to expand the definition of fiduciary advice and redefine which advisors fall underneath it. The proposed rule will now cover ...

The question of when an investment professional is obligated to act as a fiduciary when recommending a rollover to a retirement saver has become a tricky issue to navigate. This confusion arises from ...

Fiduciary financial advisors must choose investments that best align with their clients. These advisors generally take a more holistic and hands-on approach. Fiduciary financial advisors may charge ...

Department of Labor officials ushered in what is sure to be a fierce, and lengthy, legal battle today with a preview of its long-awaited, and industry despised, Retirement Security Rule. The official ...

The people who run a company have a fiduciary duty to their shareholders. This means that it is quite literally their job, punishable by legal ramifications should they fail to an unacceptable degree, ...

As the debate over the Clear Cooperation Policy (CCP) and the proliferation of private listings has heated up, the term “fiduciary duty” has been bandied about. But could listing a client’s property ...

Fiduciary liability insurance is a specialized form of professional liability coverage designed to protect individuals and organizations that manage employee benefit plans. This includes anyone who ...