Dol

Class-Actions Sep 29, 2017

Trump Administration Targets Class-Action Right in DOL Fiduciary Rule, but Other Legal Avenues Could Remain for Investors

Even before the Labor Department has finished its review of its fiduciary rule, the Trump administration has made clear that it is targeting a part of the measure that would make it easier for investors to pursue class-action lawsuits against financial advisers. The latest evidence is a DOL Field Assistance Bulletin released on Wednesday, that said that the agency would not bring enforcement …

News Apr 10, 2017

Feds Say Google’s Gender Pay Gap Is ‘Extreme’ Discrimination

In court testimony on Friday, a Labor Department (DoL) official accused Google of “systemic compensation disparities against women,” as part of an ongoing federal probe of the company. DoL Regional Director Janette Wipper testified that,“We found systemic compensation disparities against women pretty much across the entire workforce,” according to a report by the Guardian. Another DoL official …

News Feb 14, 2017

Labor Department to Delay and Revisit Fiduciary Rule

President Donald Trump’s Department of Labor moved one step closer to putting the brakes on the agency’s fiduciary rule for retirement investment advisers late Feb. 9. The agency sent to the White House’sOffice of Management and Budget a proposal to delay the rule’s applicability date, one week after Trump ordered the agency to review the Obama-era rule that aims to protect retirement investors …