| With Another Rule Proposal, DOL’s Fiduciary Saga Continues |
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The Department of Labor has taken yet another step forward in what has been more than a decadelong effort to update the fiduciary duty applying to investment professionals serving workplace retirement plans.
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| PLANADVISER Thought Leadership |
| Views and voices from inside the industry.
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| Client Relationship Summary |
| Who exactly needs to receive a Form CRS, and when?
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| Evaluating Reg BI Compliance |
| Some firms should expect to be examined within one year of the compliance date. The alert makes clear that OCIE staff will be looking at firms’ policies and procedures to make sure they are reasonably designed to comply with the regulation; in so doing, the staff will evaluate “whether firms have made reasonable progress in implementing these policies and procedures.”
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| An Uptick in Customer Arbitration? |
| Litigation risks to understand during the COVID-19 crisis.
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| Market Mirror |
| Tuesday, the Dow was up 217.08 points (0.85%) at 25,812.88, the NASDAQ gained 184.61 points (1.87%) to finish at 10,058.77, and the S&P 500 increased 47.05 points (1.54%) to 3,100.29. The Russell 2000 climbed 62.59 points (4.54%) to 1,441.37, and the Wilshire 5000 closed 485.57 points (1.56%) higher at 31,630.48.
The price of the 10-year Treasury note fell 25/32, bringing its yield up to 0.655%. The price of the 30-year Treasury bond was down, 7/32, increasing its yield to 1.410%.
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