brokers-turned
Swiss police raid UEFA as Panama Papers scandal spreads
April 6, 2016 by creative · Leave a Comment
ZURICH/REYKJAVIK, (Reuters) – Swiss police raided the European soccer body UEFA on Wednesday to seize information about a contract disclosed in the Panama Papers that was signed by Gianni Infantino, now head of the global soccer body FIFA. The impact of the leaked documents from a Panamanian law firm is snowballing, with Iceland facing a political crisis after its prime minister stepped aside on Tuesday following revelations about his wife's finances. Recently elected Infantino joined a growing list …
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Swiss police raid UEFA as Panama Papers scandal spreads
brokers-turned
U.S. weakens retirement advice rule, responding to industry
April 6, 2016 by creative · Leave a Comment
By Suzanne Barlyn and Lisa Lambert WASHINGTON (Reuters) – A new U.S. rule aimed at protecting retirement savers from profit-hungry brokers turned out to be much weaker than an initial proposal after the Obama administration bowed to pressure from the financial services industry. The rule, announced by the Department of Labor on Wednesday, sets a so-called fiduciary standard for financial brokers who sell retirement products, requiring them to put clients' best interests ahead of their bottom line. The language is tougher than an existing rule that …
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U.S. weakens retirement advice rule, responding to industry