Tag Archives: FA News

In Wake Of Court Ruling, DOL Will Cease Enforcing Fiduciary Rule, Source Says

Fiduciary advocates are hoping for a revival of the U.S. Department of Labor’s fiduciary rule, but as of Friday, the regulation will not be enforced.

The U.S.

from FA News https://www.fa-mag.com/news/is-there-still-life-for-the-fiduciary-rule-37692.html


Tax Snag Causes Huge Outlow At Largest U.S. MLP ETF

The largest exchange-traded fund tracking America’s energy pipelines incurred its third-biggest outflow on record after regulators put a stop to a key tax credit for master limited partnerships.

from FA News https://www.fa-mag.com/news/tax-snag-causes-huge-outlow-at-largest-u-s–mlp-etf-37691.html

Financial Industry Celebrates, Mourns Fiduciary Rule Decision

While much of the financial industry celebrates, many advisors responded with confusion and frustration after a federal court struck down the Department of Labor’s fiduciary rule on Thursday.

Industry organizations, watchdogs and pro-fiduciary advisors expressed their disappointment in the decision in public statements on social media.

Knut Rostad, president of the Institute for the Fiduciary Standard, did not hold back his dismay in a Friday e-mail:

“The 5th Circuit’s decision is a national tragedy,” Rostad wrote. “Its harms are well known, predictable and calculable.

from FA News https://www.fa-mag.com/news/financial-industry-celebrates–mourns-fiduciary-rule-decision-37679.html