Watchdog Group Sues DOL Over Fiduciary Rule Documents
The group, American Oversight, is suing Labor for not responding to its FOIA request to release “relevant documents” about its fiduciary rule.
SEC Nominees Say Fiduciary Rule Isn’t Top Priority
Meanwhile, Chairman Jay Clayton signaled at a SIFMA event that SEC’s rule would not supplant DOL’s.
Lawmakers ‘Taking a Fresh Look’ at Savings Vehicles in Tax Reform
In the tax package, “you’re going to see more incentives for more Americans to save,” Ways and Means Chairman Kevin Brady said.
PIABA Names a New President
Protecting DOL fiduciary rule and setting up an unpaid arb award pool for investors are among Andrew Stoltmann's priorities during his one-year term.
Tax Reform Won’t Hit 401(k)s, Trump Says
Trump’s tweet that there will be "no change" comes as GOP lawmakers mull capping 401(k) contributions at $2,400 a year.
FINRA Ready to Provide ‘Technical’ Aid on Fiduciary Rule, Legal Chief Says
FINRA has a "good working relationship" with Labor and SEC and is ready to help with coordinating a rule, Chief Legal Officer Robert Colby says.
Social Security Disability Appeals Piling Up Due to Lack of Funding: Senators
The SSDI hearing backlog has reached record high, with average wait time roughly 600 days, senators say.
Thrivent, DOL Anti-Arb Fiduciary Tussle Continues
Labor argues that there's no need for relief from the anti-arbitration provision because the rule will likely be delayed anyway.
Trump Signs Elder Fraud Bill Into Law
The new law cracks down on telemarketing and email fraud and boosts penalties for health care fraud.
FINRA Seeks Comments on Changes in Arbitration Rules
One amendment seeks to help further address the issue of unpaid customer arbitration awards, says FINRA's Berry.