The Department of Labor released its final rule regarding employee or independent contractor classification under the Fair Labor Standards Act on Tuesday amid continued pushback from the financial industry, which often prefers independent status for advisers.
Tag: financial advisers
CFP Board to Tighten Oversight of Financial Advisers
The Certified Financial Planner Board of Standards Inc. on Tuesday announced new measures to tighten its oversight of more than 85,000 stockbrokers, insurance agents and other financial advisers. The action followed a Wall Street Journal article that found that thousands of advisers with the coveted Certified Financial Planner designation listed in the group’s public directory… Continue reading CFP Board to Tighten Oversight of Financial Advisers