FSI sues to stop withdrawal of DOL independent contractor rule
The overturned Trump regulation would have provided certainty to independent brokers and advisers, FSI said. But an advocacy group says DOL has the authority to go in a different direction.
May 14, 2021 2 MINS
The Financial Services Institute is suing the Department of Labor to prevent the agency from withdrawing a Trump administration regulation that the trade association says would benefit independent brokers and financial advisers.
On Thursday, FSI joined three other groups in filing a complaint against the DOL in a federal court in Beaumont, Texas. The plaintiffs charged that the agency acted arbitrarily and violated federal regulatory rules by killing the regulation, which would have clarified the tests used under the Fair Labor Standards Act to determine whether a worker is an independent contractor or an employee.
DoL s withdrawal of independent contractor rule a setback for IBDs financial-planning.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financial-planning.com Daily Mail and Mail on Sunday newspapers.
Erica Thoms Mon, 05/10/2021 - 10:45am
BELFAST A Clifton man who pleaded no contest to charges of reckless conduct was sentenced to two years in prison, with all but 120 days suspended in Waldo County Unified Court April 29.
Login Armstrong, 20, stood accused of unintentionally discharging a weapon while disassembling it, after failing to clear the chamber of the weapon in Waldo. The bullet went through Armstong’s hand before striking a female acquaintance in the face, according to an affidavit filed by Waldo County Sheriff’s Department Detective Dale Brown.
In addition to 120 days in jail, with credit for time served, Armstrong will also be placed on probation for two years. He will also have to pay restitution of $12,348.89 to his unintended victim. Armstong is also prohibited from having contact with his victim.
Behind the Foundation for Financial Planning s push to get advisors to donate more time financial-planning.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financial-planning.com Daily Mail and Mail on Sunday newspapers.
This Was Brainerd - May 7
A look through the Brainerd Dispatch archives with Terry McCollough combing the microfilm for tidbits of history through the decades going back to 1921. Written By: Terry McCollough | ×
20 years ago (2001)
Fourteen children were injured after their school bus was rear-ended by a truck. The bus was stopped on Hwy 210 just north of Anderson Bros. Construction when a pickup pulling a fifth-wheel trailer hit it at an estimated 50 mph. The trailer separated and hit the cab of the pickup, pinning the driver inside.
30 years ago (1991)
Officials with 371 Bingo, operating in the former Hardware Hank store on S. 8