DOL Delays Fiduciary Redraft for Retirement Plans

The Department of Labor (DOL) recently announced that it would delay its redraft of fiduciary standards for work-sponsored retirement plan. While this change was originally set to launch in August, now the DOL says changes will not go into effect until at least 2015. This delay is welcome news to many in the financial industry who consider the proposed changes to be quite problematic.    Read more

SEC Commissioner Fiercely Criticizes Investment Advisers. Are Big Changes Coming?

The investment industry has been steadily rebuilding its image in the aftermath of the financial crisis and the Bernie Madoff scandal. However, things are not getting fixed quickly enough for David Gallagher, the Commissioner of the SEC. Gallagher still sees major issues with how regulators deal with problem investment advisers and believes this hurts the entire financial industry.    Read more