The Labor Department has issued its request for comments on a potential delay in the Jan. 1, 2018, applicability date of certain provisions of the fiduciary regulation – but it’s a short window.... Read More
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Regulatory Agencies
BY NAPA Net Staff | 6/21/2017
The American Retirement Association filed a comment letter June 20 with recommendations on items to be included in the 2017-2018 IRS guidance plan.While it believes that every item in the plan could... Read More
BY Nevin E. Adams, JD | 6/2/2017
In affirming the June 9 applicability date of the fiduciary regulation, Secretary of Labor Alexander Acosta expressed a desire for the Securities and Exchange Commission to reengage on the issue. It... Read More
BY NAPA Net Staff | 5/30/2017
UPDATED 10:55 a.m. 5/30/17: Politico Pro now says that Secretary of Labor Alexander Acosta will NOT attend the meeting scheduled today with organizations that have been critical of the fiduciary... Read More
BY Nevin E. Adams, JD | 5/24/2017
The Labor Department has published a new set of FAQs about the fiduciary regulation, these focused on the so-called “transition period” from June 9, 2017 to Jan. 1, 2018.The big question on many... Read More
BY NAPA Net Staff | 5/10/2017
Concerned about reports that the Labor Department’s delay of the fiduciary rule was crafted to undermine President Trump’s directive to reexamine the rule’s impact, House Republicans are looking for... Read More
BY NAPA Net Staff | 5/10/2017
Labor Secretary Alexander Acosta says the Department of Labor's fiduciary rule is his number one priority, and that he is actively seeking a way to freeze the rule that will “stick.”Acosta’s comments... Read More
BY NAPA Net Staff | 5/8/2017
Jay Clayton was sworn into office last week by U.S. Supreme Court Justice Anthony M. Kennedy as the 32nd Chairman of the Securities and Exchange Commission.Clayton was nominated to chair the SEC on... Read More
BY NAPA Net Staff | 5/1/2017
The Labor Department is planning to undertake a long-term research study that will track U.S. households over several years “in order to collect data and answer important research questions on how... Read More
BY NAPA Net Staff | 4/28/2017
The U.S. Senate has confirmed Alexander Acosta as Secretary of Labor.The Senate voted 60-38 in favor of confirming Acosta on April 27. He was approved March 30 by the Senate Health, Education, Labor... Read More
BY NAPA Net Staff | 4/25/2017
Senate Majority Leader Mitch McConnell (R-KY) has taken a procedural step to advance the confirmation vote for President Trump’s nominee for Secretary of Labor.Alexander Acosta was approved March 30... Read More
BY NAPA Net Staff | 4/19/2017
Republican members of the House Committee on Education and the Workforce are pushing to see that the applicability date of the fiduciary regulation is fully postponed until the impact has been... Read More
BY Nevin E. Adams, JD | 4/4/2017
Having received the final rule on its proposed extension of the applicability date from the Labor Department, the Office of Management and Budget has scheduled a couple of meetings related to that... Read More
BY NAPA Net Staff | 3/31/2017
Alexander Acosta, President Trump’s nominee to head the Labor Department, was approved March 30 by the Senate Health, Education, Labor and Pensions (HELP) Committee. The full Senate will now vote on... Read More
BY Nevin E. Adams, JD | 3/29/2017
Having put its proposed extension of the applicability date out for public comment, the Labor Department has submitted its final rule to the Office of Management and Budget for review.According to an... Read More
BY Nevin E. Adams, JD | 3/23/2017
The fiduciary regulation wasn’t a big focus of the March 22 hearing on Alexander Acosta’s nomination as Secretary of Labor – but it did come up.Indeed, those waiting to hear what Acosta thought about... Read More
BY Nevin E. Adams, JD | 3/13/2017
The Labor Department has outlined its approach to enforcement of the fiduciary regulation if the April 10 applicability date for the fiduciary regulation isn’t delayed (before April 10).Noting that “... Read More
BY NAPA Net Staff | 3/13/2017
The Senate Health, Education Labor & Pensions (HELP) Committee has delayed Labor Secretary nominee R. Alexander Acosta’s confirmation hearing another week.The hearing was originally slated for... Read More
BY NAPA Net Staff | 3/8/2017
President Trump’s nominees for Labor Secretary and SEC Chairman finally have hearing dates.The Senate Health Education Labor & Pensions Committee has announced that there will be a full committee... Read More
BY Nevin E. Adams, JD | 3/8/2017
With about another week to go, the Labor Department has gotten a number of comments on its proposal to delay the fiduciary regulation’s April 10 applicability date – but perhaps not the kinds of... Read More
BY NAPA Net Staff | 3/6/2017
FINRA fines shattered a record last year – and, according to a recent analysis, compliance officers are increasingly finding themselves in FINRA’s crosshairs.Those are among the findings of Eversheds... Read More
BY NAPA Net Staff | 2/28/2017
The Office of Management and Budget says it has concluded its review of a requested review in the delay of the applicability date of the fiduciary regulation.A posting on the OMB’s executive order... Read More
BY Nevin E. Adams, JD | 2/22/2017
The Office of Management and Budget has scheduled a series of meetings with interested parties to discuss the Labor Department’s proposal to delay the implementation of the fiduciary regulation.Less... Read More
BY John Iekel | 2/22/2017
An unnamed financial services company is suing the Consumer Financial Protection Bureau (CFPB) in the U.S. District Court for the District of Columbia over the CFPB’s exercise of power and the... Read More
BY Nevin E. Adams, JD | 2/22/2017
The Labor Department has managed to keep its perfect record intact – losing another request to grant a stay in a pending case regarding the fiduciary rule.The suit, filed last fall by Thrivent... Read More
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