Broker- Dealer Law Corner

Broker- Dealer Law Corner

Category Archives: Fiduciary Rule

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How The Fiduciary Rule May Impact Outside Business Activities

Posted in annuities, Fiduciary duty, Fiduciary Rule, Fiduciary Standard
Because fixed annuities and fixed life insurance are not securities, many broker-dealers treat the sales of these products by their registered reps as outside business activities. In that event, there is no obligation by the BD to supervise those sales, and they can be run directly with the issuing company and not through the broker-dealer. … Continue Reading

DOL Seeks To Clarify Fiduciary Rule Timing With Temporary Enforcement Policy

Posted in Fiduciary duty, Fiduciary Rule, Fiduciary Standard
On Friday evening, March 10, 2017, the Department of Labor (DOL) issued a field assistance bulletin establishing a new temporary enforcement policy for the DOL Fiduciary Rule set to become effective on April 10, 2017. (See here) The temporary policy was designed to deal with industry uncertainty created by a new rule proposed for comment by… Continue Reading

Trump Actions on the DOL Fiduciary Rule and Dodd-Frank

Posted in Dodd Frank, Fiduciary duty, Fiduciary Rule, Fiduciary Standard
Here are some important observations from my partner, Fran Goins, on two missives President Trump issued on Friday that you should know about.  My own politics have made themselves pretty clear in recent posts, so it’s good to have someone comment on these presidential pronouncements without the snarkiness I would have undoubtedly injected, wittingly or otherwise. … Continue Reading
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