The Department of Labor won’t further delay the June 9 effective date for the fiduciary rule; review will continue until final implementation on Jan. 1, 2018.
If being a “nonprofit” is so good in the asset management industry, then why don’t we see it elsewhere?
Richard Breeden, the Madoff Victim Fund administrator, racked up $38.8 million in billings while investors are still waiting for their checks.