DOL Fiduciary Rule Takes Another Hit, Still in Flux

On Thursday, March 15, 2018, the 5th U.S. Circuit Court of Appeals vacated the DOL’s “Fiduciary Rule”, holding that the DOL exceeded its statutory authority under the Employee Retirement Income Security Act (“ERISA”). The original lawsuit was brought against the DOL by several industry groups that opposed the Rule. The...

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SEC Announces 2018 Exam Priorities

On February 7, 2018, the Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE) announced their 2018 examination priorities.  Highlighted focus areas include automated advice platforms, duties to retail investors, cybersecurity, and developments in cryptocurrency and initial coin offerings. The SEC will continue its risk-based strategy focusing on...

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