News about Financial Services Institute PAC

Financial Services Institute PAC

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Despite delay, fiduciary rule 'already causing great harm'

By Jessica Karmasek | Friday, May 12, 2017 @ 9:18am

Last month, the U.S. Department of Labor released a measure officially delaying the implementation of the rule and its related exemptions by 60 days. The applicability date is now June 9. Some argue a longer delay is necessary, while others contend the U.S. Securities and Exchange Commission should step in and craft a better rule.
Non-profit group pushes Congress to stop new labor rules, including DOL’s potentially costly fiduciary rule

By Jessica Karmasek | Monday, Nov 14, 2016 @ 8:36am

Those within the financial services community seem hopeful, with Donald Trump’s presidential win Tuesday, that the U.S. Department of Labor’s conflicts of interest rule is in play.