House Bill to ‘Protect’ Savers From DOL Fiduciary Rule
A bipartisan group of lawmakers plans to release a bill soon that they say would "strengthen the retirement security" of working families.
No Social Security COLA? No Way, Senators Say
Democratic senators including Elizabeth Warren and presidential candidate Bernie Sanders introduced legislation to boost Social Security and other benefits for seniors and the disabled.
Bill Would Tighten Hedge Fund Reporting Rules Amid Puerto Rican Crisis
Rep. Nydia Velázquez, who introduced the bill, accused hedge funds holding Puerto Rican debt of “profiting from the island’s misery.”
SEC Gives Whistleblower $325,000 Award
The award could have been higher had the whistleblower not waited until after leaving the firm to come forward, the SEC said.
Cybersecurity Enforcement Has Begun, Expert Warns
“Brokerage firms are a prime target of criminal cybersecurity," says FINRA enforcement official, while SEC says RIAs and BDs must have "reasonable...safeguards in place."
Treasury Officially Launches myRA Retirement Savings Program
Retirement savers with no plan at work can now save three ways through myRA retirement accounts.
Fenway Partners PE Firm, Execs Fined by SEC on Failure to Disclose Fees
In continued SEC crackdown on private equity, Fenway Partners, four of its executives settle SEC conflict-of-interest and breach-of-fiduciary charges.
FINRA’s CARDS Plan Dead on Table: Axelrod
“We’re going to continue to use data to help inform our exams,” FINRA’s Susan Axelrod said.
‘Too Much Stuff’ Weighing on Economy: Brinker Capital CIO
The real problem with the U.S. economy isn't the Fed or lawmakers, William Miller says; it's overcapacity and a declining consumer base.
Where the Candidates Stand on Advisors' Issues
One year before Americans elect a new president, the positions of the leading candidates for the office from both parties are becoming clearer on topics that advisors care about.