Merrill Lynch Reverses Broker Fiduciary Rule Policy

Article 0 Comments Bank of America Corp.’s wealth management arm Merrill Lynch is reintroducing brokerage capabilities to its retirement accounts, reversing a policy put in place to comply with Obama-era regulation. In response to requests from customers, the company expects to add a brokerage option back to individual retirement accounts […]

Federal Appeals Court Sides with Financial Firms, Voids Obama Fiduciary Rule

Article 0 Comments A federal appeals court on Thursday voided the U.S. Department of Labor’s “fiduciary rule,” which had been adopted in 2016 under the Obama administration to curb conflicts of interest among providers of financial advice to Americans planning for retirement. The 2-1 decision by the 5th U.S. Circuit […]