Fiduciary Rule Evaluation – No Action Taken Yet

In February 2017, President Donald Trump ordered the United States Secretary of Labor to perform an analysis of the U.S. Department of Labor’s (DOL) proposed investment fiduciary rule for retirement plan advice.  The DOL first proposed the rule in September 2010 and re-proposed the rule in April 2015, finally making

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Barnes Dennig Client STOBER Drives Named Manufacturing Leader of the Week

Barnes Dennig would like to congratulate client STOBER Drives on their well-earned recognition. STOBER Drives was recently the focus of IndustryWeek’s Manufacturing Leader of the Week. IndustryWeek’s Manufacturing Leader of the Week highlights manufacturing leaders, executives, and stars who are driving growth in today’s industry and helping to shape the

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Challenges Arise Against Pending Department of Labor Fiduciary Rule

On April 6, 2016, the Department of Labor introduced a new rule extending and strengthening its existing definition of a fiduciary. Previously, while many financial advisors such as Certified Financial Planners and Registered Investment Advisors were subject to these fiduciary standards, brokers and insurance agents were exempt. Rather, they abided

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Dramatic Change in DOL Overtime Rules Finalized

Over the past several months, the U.S. Department of Labor has been developing new rules that would raise the salary threshold for whether an employee is exempt from overtime pay. On May 18th, the final regulations were released, and they present a dramatic change from the current rules. Millions more

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