DOJ Files to Halt Thrivent Case Against DOL Fiduciary Rule
DOJ, on behalf of DOL, asked a federal judge to stay the case filed against Labor’s fiduciary rule by Thrivent Financial for Lutherans.
NASAA, SEC Sign Crowdfunding Agreement as Rules Kick In
MOU allows federal and state securities regulators to monitor the effects of new rules and guard against fraud.
Trump Nominates Acosta as Labor Secretary
Lawyer Steve Saxon says R. Alexander Acosta is a "safe" pick, but it "doesn't look like he knows a lot about retirement or health benefits."
Lawmakers Chide Mulvaney as New OMB Director
Lawmakers are concerned about his desire to cut Social Security, raise the retirement age and end Medicare.
House Votes to Block State-Run Retirement Plans
Two resolutions passed to roll back what GOP lawmakers say are "misguided" Obama-era rules.
Puzder Withdraws From Labor Secretary Nomination
Mounting opposition and Puzder being "very tired of the abuse," according to a source, led to him bowing out.
ABLE Alliance Launches Investment Accounts for Disabled, Blind
The new ABLE Investment accounts are “savings vehicles for disability-related expenses that will not jeopardize federal benefits,” said Michael Frerichs, Illinois state treasurer.
Sen. Warren Grills Puzder in Letter on DOL Fiduciary Ahead of Hearing
Sen. Elizabeth Warren challenged the Labor secretary nominee to provide answers on how he'd handle the fiduciary rule review.
FINRA Mulls Allowing Performance Projections for Investing Strategies
An amendment now out for comment would let firms illustrate the projected performance of a strategy or allocation but not an individual security.
DOL Files to Delay Fiduciary Rule
DOL filed a notice Thursday with the Office of Management and Budget to delay implementation of its fiduciary rule.