The Department of Labor (DOL) announced a final rule that will subject the financial services industry to new requirements designed to protect retirement investors from receiving bad or self-interested investment advice.
Independent insurance agents who are considering the impact of the new regulation on their agencies and firms should consider some of the rule’s key elements and certain revisions that were incorporated in the final text.
The final rule issued by the U.S. Department of Labor (DOL) intends to clarify the standard for determining whether a worker is an employee or an independent contractor under the Fair Labor Standards Act (FLSA).
Here are some important general, state and federal trends to watch in 2024.
The legislation would have banned the use of noncompete agreements and potentially other forms of employment contracts in the Empire State.
Here’s what the perplexing job market, wage growth, the end of the pandemic and more mean for your agency.
This week, the National Labor Relations Board (NLRB) issued an interpretative memorandum asserting that many non-compete agreements interfere with employees rights.
In its submitted comments, the Big “I” stated that its “members have significant interest in the proposed regulation and worry the proposal will threaten the competitiveness, viability, and value of their businesses.”
The proposed new rule would prohibit the use of noncompete agreements and would apply to employees, independent contractors, interns, volunteers, apprentices, and other types of workers.
House Republicans’ letter states that the FTC is exceeding its delegated authority and lacks congressional authority in federal statute to initiate this type of rulemaking.
