Effective September 5, the Settlement Cycle Changes from T+3 to T+2 Last March, the SEC amended Rule 15c6-1(a) under the Securities Exchange Act of 1934 to shorten the standard securities transaction cycle for most securities transactions from T+3 to T+2. Under the amendment, “T” refers to the day of the transaction and the parties have […]

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As expected, the Department of Labor (DOL) has made official its proposal to delay implementation of its fiduciary rule by 60 days.  The rule was originally slated to become effective on April 10.  However, a President Trump directive to review the rule, with an eye to modify or repeal, led the DOL to propose a […]

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Got an Opinion?  Here’s Your Chance to Be Heard! On Wednesday, March 1, the Department of Labor released a proposed rule that would extend the effective date of the new ERISA Fiduciary Rule by 60 days, delaying implementation of the final rule from the current April 10 compliance date to June 9, 2017. The DOL […]

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Retirement planning is one of the most important and complex financial tasks clients will undertake in their lives. Registered representatives who are educated about all the various retirement options can provide significant assistance to clients. However, reps who work with these investments may now be deemed fiduciaries under new, complex Department of Labor and ERISA […]

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FIRE Solutions is pleased to announce the addition of ERISA and the Fiduciary Standard to our Firm Element Continuing Education course catalog. ERISA and the Fiduciary Standard is an intermediate course intended for retail and investment adviser representatives, as well as any financial service industry professional interested in learning about ERISA’s fiduciary status and the […]

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