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 February 21, 2017

SSN Marketing Compliance, DOL

Delayed or Not: How the DOL Fiduciary Rule Is Transforming Commission Products We still await formal response from the Department of Labor (DOL) to President Trump’s executive order instructing the DOL to re-evaluate the fiduciary rule. The DOL reportedly filed documents with the Office of Management and Budget (OMB) last week regarding how it will respond to the executive order, …

DOL Digest September 6, 2016

SSN Marketing Compliance, DOL

The DOL fiduciary rule will increase the need to document client interactions to demonstrate why recommendations are in the client’s best interest, including the type of account used (commission vs. advisory), the products that are recommended, and even why a distribution from a qualified account is appropriate, among others. Documentation captured at the time you make a recommendation is important …

From the President – July 2016

SSN Marketing From the President

BREXIT! I have nothing to say about Brexit itself and neither did anyone else until the UK electorate shocked the world by voting for the unthinkable. I do find humor in the media using the popular mashup in virtually every subject line! It does roll off the tongue, doesn’t it? Brexit. All of the negative news, headlines and market volatility …

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, …