Fiduciary Governance Blog

New York’s Department of Financial Services reportedly planning to investigate sales of annuities in the 403(b) retirement plan marketplace

FINRA adds resources to aid compliance with Regulation Best Interest and Form CRS

Per FINRA press release: “FINRA today announced it has made available new resources to assist member firms in their efforts to comply with the Securities and Exchange Commission (SEC) Regulation Best Interest (Reg BI) and Form CRS by the rules’ compliance date of June 30, 2020. FINRA is assisting members in a variety of ways including by providing a new Reg BI and Form CRS Checklist – available on FINRA’s Reg BI webpage along with a number of other resources – and by hosting several FINRA Reg BI events in the coming months.”

Resources may be available here.

George Michael Gerstein speaks to Fund Intelligence about the DOL’s new leadership

Speaking to Fund Intelligence, George Michael Gerstein expressed skepticism that Eugene Scalia, the next Secretary of Labor, would have to recuse himself from rulemaking the DOL is expected to soon announce related to its vacated 2016 Fiduciary Rule. Gerstein also spoke about what he expects from the DOL over the coming months.