DOL Digest May 8, 2017

SSN Marketing Compliance, DOL

What the DOL Rule Delay Means for Our Advisors As we communicated on April 5, the Department of Labor has delayed implementation of its fiduciary rule until June 9, with some aspects delayed until Jan. 1, 2018. At this time, we do not have any indication that the June 9 effective date will be postponed. The DOL’s definition of a …

DOL Digest March 22, 2017

SSN Marketing DOL, News

Anticipated Commission Product Changes If DOL Fiduciary Rule Not Delayed As you know, there is a great amount of uncertainty surrounding the rule. Based upon direction from the Trump administration, the DOL has proposed a 60-day delay to the April 10 applicability date of the rule to have more time to research issues raised in the President’s executive memo to …

DOL Digest July 11, 2016

SSN Marketing Corporate Office, DOL

If you’re wondering whether you’ll need to restructure your value, pricing and service as a result of the Department of Labor’s fiduciary rule, consider these three near-certainties under the new regulation: If you deal with qualified accounts or IRAs, including IRA rollovers, you will likely be considered a fiduciary under the new DOL rule and will be subject to its …

DOL Fiduciary Rule

admin Compliance, DOL, Marketing, News

The Department of Labor released the final version of its fiduciary rule on April 4. Securities Service Network, Inc. has been preparing for the release of the final fiduciary rule, so we’re coming into this from a position of strength. Early in 2015, we assembled an 18-person task force across our sister broker-dealers made up of experts from legal, compliance, …

DOL Fiduciary Rule Advances to OMB

SSN Marketing Corporate Office, DOL

DOL Fiduciary Rule Advances to OMB By Doug Baxley, Vice President of Compliance Late on Thursday, January 28, the Department of Labor (DOL) took the next step in advancing their Fiduciary Rule proposal.  The controversial rule proposal was sent to the Office of Management and Budget (OMB) for a final review.  The OMB has up to 90 days to review the rule; …

DOL Updates

SSN Marketing Corporate Office, DOL

DOL Updates By Doug Baxley, AVP – Assistant Director of Compliance On April 20, 2015, the Department of Labor (DOL) published its proposed rule regarding retirement investment advice, conflicts of interest, and the definition of the term “fiduciary” with regards to the Employee Retirement Income Security Act of 1974 (ERISA). The proposed rule would institute a broad new definition of the …