Senate Votes to Advance Acosta as Labor Secretary
The Senate voted Wednesday to end debate on Acosta’s nomination and move to a vote.
White House Unveils Trump’s First Tax-Cut Bid, Corporate Rate of 15%
Tax plan calls for shift to territorial system for companies; top individual tax rate would be cut to 35% from 39.6%.
House Dems Blast Financial Choice Act, Call for Another Hearing
Democrats requested an additional hearing before the May 2 markup of Rep. Jeb Hensarling's Dodd-Frank replacement.
Financial Planners Fight Spending Bill Rider That Kills DOL Rule
The Financial Planning Coalition moves against other industry players who are "aggressively advocating" for a rider that would prohibit DOL from implementing the fiduciary rule.
Mass. Regulator Galvin Slams Financial Choice Act
The Act "purports to benefit Main Street and Mom and Pop," William Galvin told Rep. Hensarling, but instead "is a generous gift to Wall Street."
Raymond James’ National Event to Highlight DOL Fiduciary, Politics & Markets
The yearly conference for its independent advisors takes place this week in Orlando.
Trump Issues Dodd-Frank Executive Order
It directs Treasury Secretary Mnuchin to review Orderly Liquidation Authority, Financial Stability Oversight Council
Trump’s Tax Plans Coming Next Week, White House Official Says
Word comes as president approaches end of his first 100 days; key Senate panel said not to have seen final details yet.
3 DOL Fiduciary Takeaways From Morgan Stanley’s Q1 Earnings
CFO Pruzan outlines the impact the new fiduciary rule is having on the firm's sales, recruiting, margins and costs.
SEC Says New York Advisors Falsified AUM to Entice Investors: Enforcement
In other enforcement actions, the SEC charged an oil and gas promoter with misappropriating investor funds.