Tag: prohibited transaction

Art by Tim Bower

Compliance Consult

Compliance for Wealth Managers

PTE 2020-02 cannot resolve all conflicts of interest.

Products June 10th, 2021

Fiduciary Decisions Factors PTE Into IRA Rollover Compliance Software

The firm is experiencing a surge in B/Ds and RIAs requesting assistance with the new rule as the enforcement date approaches.

Art by Tim Bower

ERISA vista

The DOL’s Latest Proposed PTE

How advisers who only do rollovers would avoid prohibited transactions.

Art by Tim Bower

ERISA vista

A Return to Rollover Advice

The DOL revisits the potential for adviser/client ongoing relationships.

ERISA vista

Investigations Intensify

The agency homes in on fee arrangements

MARKET MIRROR

Friday, the Dow gained 34.87 points (0.10%) to close at 34,429.88, the Nasdaq lost 20.95 points (0.18%) to close at 11,461.50 and the S&P 500 lost 4.87 points (0.12%) to end trading at 4,071.70. The Russell 2000 increased 11.16 points (0.59%) to close at 1,892.84 and the Wilshire 5000 decreased 30.27 points (0.07%) to close at 40,503.14.

The price of the 10-year Treasury note increased 1/32, bringing the yield down to 3.501%. The price of the 30-year Treasury bond increased 1 2/32, bringing the yield down to 3.541%.

MARKET MIRROR Week’s-worth

For the week ending December 2, the Dow gained 0.24%, the Nasdaq increased 2.09% and the S&P 500 gained 1.13%. The Russell 2000 gained 1.27% and the Wilshire 5000 finished 1.21% higher.