All Department of Labor articles – Page 3
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Article
Fiduciary duty rules poised to redefine an industry
It sounds reasonable enough: hold broker-dealers and investment advisers to a fiduciary standard when they offer investment advice, specifically with retirement plans. Firms, however, fear that pending rules, split between the Securities and Exchange Commission and Department of Labor, are not in sync and unintended consequences will radically alter traditional ...
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Blog
Labor Dept. Rule Bans Pay Talk Discipline by Gov. Contractors
The Department of Labor has issued a final rule prohibiting federal contractors from disciplining, firing, or discriminating against employees and job applicants who inquire about, discuss, or disclose their compensation or the pay of their coworkers. The rule applies to all federal contractors, sub-contractors, and contracts that exceed $10,000 in ...
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Blog
Employee or Independent Contractor? Labor Department Weighs In
Image: The Labor Department issued new guidance on how companies should distinguish between employees and independent contractors. “The main difference between the new interpretation and the Labor Department’s prior enforcement policy is a greater emphasis on the ‘economic dependence’ of the workers on the business that has engaged their services,” ...
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Blog
Supreme Court Empowers Use of Interpretive Rules
Regulators now have greater freedom to interpret established rules without undergoing a public comment process thanks to a decision handed down by the Supreme Court on Monday. With a 9-0 vote, justices agreed that regulatory clarifications and alterations, made through the use of interpretive rules, are not subject to the ...
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Article
Seasonal Employees Can Bring Not-So-Merry Risks
Image: For any company that depends on seasonal workers, don’t overlook the need to give that group compliance training. Even temporary workers need to review the Code of Conduct and have access to the reporting hotline. “There are no exemptions in what constitutes an effective compliance program ... for short-term ...
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Article
Regulators Are Once Again in Hot Pursuit of Worker Misclassification
Image: Title: HanrahanState and federal agencies are issuing a renewed warning to companies that regularly use independent contractors: classify them correctly, or face big penalties. They are also putting more funds into detection and enforcement, meaning companies are likely to see an increase in audits. “I would expect to see ...
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