Plaintiffs SIFMA, the Financial Services Institute and the Insured Retirement Institute argue that the Scottrade case highlights firms’ undue risks of facing fractured, state-by-state enforcement under the DOL rule.
“There is nothing those people were doing that anybody could characterize as good faith compliance with the parts of the rule that went into effect in June," said Phyllis Borzi, former assistant secretary of labor.
Our society celebrates wealth in the abstract, but delights in judging the rich. A sociologist of affluence reveals five tips for overcoming the bias to build trust with wealthy prospects.
