Broker- Dealer Law Corner

Broker- Dealer Law Corner

Tag Archives: Fiduciary Rule

OMB Approves Additional Delay For Further Study Of The DOL Fiduciary Rule

Posted in Fiduciary Rule
The Office of Management and Budget’s Office of Information and Regulatory Affairs (OIRA) announced this week that it was effectively approving a delay in full implementation of the Department of Labor (DOL) Fiduciary Rule. After several years of study and comment, the final version of the Rule was originally slated to take effect earlier this… Continue Reading

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

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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