10 big settlements in 401(k) excessive-fee lawsuits

   Lawsuits attacking allegedly excessive 401(k) fees, both for investment management and recordkeeping and administration, have proliferated since roughly the middle of the 2000s, when attorney Jerry Schlichter began bringing them en masse against large U.S. corporations. Many have settled since then, including a recent self-dealing lawsuit involving American Airlines and an affiliated investment management firm...
July, 2017 | By Greg Iacurci

DOL faces tough road in revising or repealing fiduciary rule

As the Department of Labor begins to review its fiduciary duty regulation, it faces a daunting road ahead to modify or repeal the measure.

If the agency makes changes — as the Feb. 3 directive from President Donald J. Trump seems to foreshadow — it could generate lawsuits from proponents. But the DOL will not get the same benefit of the doubt from the courts in that round of lawsuits that it has in current litigation brought by opponents of the rule...

April 13, 2017 | By Investment News

 

5 regulatory issues every financial adviser should be watching


   Although the epic battle over the Department of Labor's fiduciary rule will continue for at least several more months, if not years, and dominate the regulatory agenda for investment advice, other critical issues are bubbling to the surface. Several may even have a chance of advancing in this cold political climate, as industry groups, consumer advocates and regulators sound a note of consensus on areas such as reforming adviser titles, cracking down on elder financial abuse and protecting retirement tax incentives...

April 9, 2017 | By Mark Schoeff Jr. Investment News