Retirement account rollover recommendations remain a top focus of the Securities and Exchange Commission (“SEC”) and Department of Labor (“DOL”) examinations. While many advisers associate PTE 2020-02 with 401(k)-to-IRA rollovers, its application is broader and extends to many recommendations involving … Read More
We know that financial advisers are knowledgeable about best practices surrounding senior investors, but did you know that best practices also include your ability to fully grasp and appreciate the natural aging process when engaging with older clients? Beyond the … Read More
CEO Michelle Jacko’s article, “Meeting Current and Future Challenges of Serving Aging Clients,” was published in the February 2022 issue of Charles Schwab’s Compliance Review newsletter. In the article, Michelle reviews regulations that apply to investment advisors servicing seniors, including … Read More
On Episode 92 of the CCO Buzz podcast, we discuss Senior Investor Protections, which is a topic that should be assessed and evaluated annually.
The Employee Retirement Income Security Act of 1974, as amended (“ERISA”), contains provisions that restrict fiduciaries to retirement plans from engaging in certain activities. These prohibited activities include, among other things, self-dealing, implementing principal transactions,[1] and receiving compensation from third … Read More
On August 31, 2020, the U.S. Department of Labor (DOL) released a proposal under the Employee Retirement Income Security Act of 1974 (ERISA) to amend fiduciary duties regarding proxy voting and shareholder rights. This particular rule is only in the … Read More
CEO Michelle Jacko’s article, “What You Need to Know About M&As and Business Transitions,” was published in the February 2021 issue of Lawyer Monthly Magazine. In the article, Ms. Jacko provides readers with pivotal considerations for Mergers and Acquisitions and Business Transitions … Read More
In early May, the Financial Industry Regulatory Authority (FINRA) announced fines levied against AXA Advisors, LLC (AXA), a company that sells and services group annuity contracts for employer-sponsored 401(k) retirement plans through an affiliated life insurance company.
In a December 2018 press release, the SEC (Securities and Exchange Commission) announced the publication of the OCIE (Office of Compliance Inspections and Examinations) examination priorities for 2019.
Even though the Department of Labor’s (“DOL”) Fiduciary Rule (which was designed to expand the definition of what constituted fiduciary advice as part of the Employee Retirement Income Security Act of 1974 (ERISA)) has been vacated by the 5th U.S. … Read More