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That effort was blocked by the 5th U.S. Circuit Court of Appeals in 2018 and Kernodle said the latest version of the fiduciary rule fails for many of the same reasons.
Retirement savers and participants in 401(k) plans may soon face a new Department of Labor (DOL) policy, presenting them with either more investment options or just unnecessary costs, depending on ...
Get breaking Finance news and the latest business articles from AOL. ... US judge blocks latest version of labor department's fiduciary rule. A U.S. judge has blocked a Department of Labor rule ...
Labor Management Reporting and Disclosure Act; Long title: An act to provide for the reporting and disclosure of certain financial transactions and administrative practices of labor organizations and employers, to prevent abuses in the administration of trusteeships by labor organizations, to provide standards with respect to the election of officers of labor organizations, and for other purposes.
However, in early 2016, Wealth Management reported that Taft had been fighting against attempts to "apply the... fiduciary standard to brokers" [6] by the US Department of Labor (DOL), [2] with Taft arguing that the DOL's version of the standard would not work for the brokerage industry. [6]
The Office of Labor-Management Standards (OLMS) is an agency of the U.S. Department of Labor that promotes standards for democracy and fiscal responsibility in labor organizations. It was formed in 1959.
Federal legislation to protect workers’ retirement savings was signed into law in 1974: the Employee Retirement Income Security Act, or ERISA. It's having a midlife crisis.
President Trump signs a memorandum directing the Department of Labor to review a fiduciary rule signed during the Obama administration before its implementation in April. [116] President Trump institutes economic sanctions on 13 Iranian individuals and 12 companies from the nation [117] after a recent ballistic missile test. [118]