![Risk.net](https://www.risk.net/sites/default/files/styles/print_logo/public/2018-09/print-logo.png?itok=1TpHrpuP)
US fiduciary rules could clear path for structured products
Five years in the making, the US Department of Labor’s conflicts-of-interest rule has finally arrived, with a promise to overhaul the way in which financial advisers provide investment advice to retirement accounts. Structured product issuers could end up the winners in the revamp – if they play their cards right
![department-of-labor department-of-labor](/sites/default/files/styles/landscape_750_463/public/import/IMG/728/345728/department-of-labor.jpeg.webp?h=e0809e5a&itok=6ccJjrnW)
If an investment adviser receives a commission payment from an issuer for the sale of a particular product, is that a breach of the adviser's fiduciary duty? For US retirement plans, the answer is yes, but the duty has never applied to intermediaries servicing clients through brokerage accounts.
This so-called loophole is being removed by a new rule designed by the US Department of Labor (DoL), and market participants warn it may have serious ramifications on sales of the most common structured
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@risk.net
More on Markets
Dealers bruised by surprise renminbi vol surge
Rush to re-hedge USD/CNH exotics left banks in grip of painful short gamma squeeze
HSBC loses FX forwards market share with EU funds
Counterparty Radar: UK bank reported 6% drop in notional volumes with Ucits funds in H2 last year
After the selloff, competing theories on dealer gamma
Tier1 Alpha sees $74 billion short gamma catalyst; SG says rapid return to positive territory had calming effect
Bitcoin ETFs drive demand for borrowing in crypto markets
Mismatch between cash and crypto settlement cycles creates pre-funding challenge
New fee plans for FXGO rile dealers
Bloomberg plans to charge spot FX market-makers from next year
CME, FICC in talks to expand cross-margining to client accounts
New rules and account structures will be needed to allow cross-margining by non-members
Margin calls jumped threefold as global markets sold off
FCMs claim no client defaults, but episode revives complaints of procyclical margining
Treasury futures super-user switches to swaps
Capital Group’s Anbax fund slashes UST futures holdings in move to alternative rates derivatives