The U.S. Department of Labor issued final regulations on April 23, expanding the definition of "fiduciary" under ERISA. The final regulations alter the definition of "investment advice fiduciary".
On April 23, 2024, the U.S. Department of Labor (DOL) unveiled a new final rule that will significantly raise the minimum salary threshold to qualify for certain overtime exemptions.
The U.S. Department of Labor (DOL) announced a finalized rule on April 23, 2024, increasing the minimum compensation levels for the so-called "white collar" exemptions.