{"id":12896,"date":"2017-03-06T11:16:37","date_gmt":"2017-03-06T16:16:37","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&#038;p=12896"},"modified":"2017-03-06T11:33:59","modified_gmt":"2017-03-06T16:33:59","slug":"acting-sec-chairman-rips-dol-fiduciary-rule","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/acting-sec-chairman-rips-dol-fiduciary-rule\/","title":{"rendered":"Acting SEC Chairman Rips DOL Fiduciary Rule"},"content":{"rendered":"<h1>Acting SEC Chairman Rips DOL Fiduciary Rule<\/h1>\n<p>March 3, 2017 | The DI Wire<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium\" src=\"http:\/\/www.thediwire.com\/assets\/images\/article\/_small\/47-0619201411-Man_with_hand_Hold_On150x100.png\" alt=\"\" width=\"150\" height=\"100\" \/><\/p>\n<p>Acting SEC chairman Michael Piwowar had strong words about the Department of Labor\u2019s fiduciary rule at the Investment Adviser Association Compliance Conference on Thursday.<\/p>\n<p>\u201cI have a very nuanced view of the DOL fiduciary duty rule. I think it is a terrible, horrible, no good, very bad rule,\u201d said Piwowar. \u201cFor me that rule was never ever about investor protection. To me, that rule, it was about one thing and it was about enabling trial lawyers to increase profits.\u201d<\/p>\n<p>According to the DOL fiduciary rule, all who provide retirement investment advice to plans, plan fiduciaries and IRAs are required to abide by a more rigorous \u201cfiduciary\u201d standard.<\/p>\n<p><a class=\"fasc-button fasc-size-medium fasc-type-flat\" style=\"background-color: #33809e; color: #ffffff;\" href=\"http:\/\/bit.ly\/2n6vN25\" target=\"_blank\" data-fasc-style=\"background-color:#33809e;color:#ffffff;\">Read Full Article Here<\/a><\/p>\n<p>&nbsp;<\/p>\n<div style=\"clear:both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Acting SEC Chairman Rips DOL Fiduciary Rule March 3, 2017 | The DI Wire Acting SEC chairman Michael Piwowar had strong words about the Department of Labor\u2019s fiduciary rule at &hellip; <\/p>\n<p><a href=\"https:\/\/qa.bluevaultpartners.com\/acting-sec-chairman-rips-dol-fiduciary-rule\/\" class=\"read-more\">Read more<\/a><\/p>\n","protected":false},"author":1824,"featured_media":6729,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3010,2744],"tags":[],"class_list":["post-12896","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asset-manager-news","category-topic"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Acting SEC Chairman Rips DOL Fiduciary Rule - Blue Vault<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/qa.bluevaultpartners.com\/acting-sec-chairman-rips-dol-fiduciary-rule\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Acting SEC Chairman Rips DOL Fiduciary Rule - Blue Vault\" \/>\n<meta property=\"og:description\" content=\"Acting SEC Chairman Rips DOL Fiduciary Rule March 3, 2017 | The DI Wire Acting SEC chairman Michael Piwowar had strong words about the Department of Labor\u2019s fiduciary rule at &hellip; 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