In the Margins
In a 24-page document that covered 34 questions released Thursday, the Department of Labor answered some of the most frequent queries they're getting about the DoL's fiduciary rule. The regulation will have the biggest impact on brokers, who currently must sell investment products that are suitable for their clients, a less-stringent standard than the best-interest requirement of the DOL rule. Read the original story from InvestmentNews.
Most Read
Richard Redeker has seen a lot in his 50 years in the mutual fund business, half of which he's spent as an independent director of what ...
As part of their larger risk oversight role, mutual fund boards are increasingly considering their role in evaluating “culture risk” and how it relates to sexual ...
As the end of the year approaches, there are several issues that are likely to come up for discussion between chief compliance officers and mutual fund ...
Independent mutual fund directors are required to assess the reasonableness of the profits the management company earns from its advisory contract. It’s a challenging task, since ...