Top GOP Senators Press DOL to Extend Fiduciary Comment Period
Majority Leader Mitch McConnell and HELP Committee leader Lamar Alexander were among those sending the letter asking for a 45-day extension.
Lawmakers Ask DOL’s Perez to Extend Fiduciary Comment Period
Lawmakers asked Perez to extend by another 45 days the comment period on DOL's fiduciary redraft, but fiduciary advocates disagree.
Social Security Expansion Advocates Target Presidential Candidates
As millions of Americans prepare this year for one of the biggest milestones in their lives – retirement – the program that they have come to most depend on in retirement its celebrating its own milestone. The Social Security program turns 80-years-old on August 14.
SEC Urged to Reform 12b-1 Fees, Block Risky ETFs
The SEC "can no longer afford to relegate ... retail investor protection priorities to a back burner," the groups told the agency in a letter.
House Seeks 6-Month Halt on SIFI Designations
House Financial Services will vote Thursday on a bill that would bar the FSOC from designating any financial institution as systemically significant for six months.
Lawmakers’ Prodding of SEC, DOL Fiduciary Collaboration a ‘Tactic,’ Consumer Groups Say
Lawmakers want SEC to go first on fiduciary because BDs and insurers expect to find the commission's rule more favorable, suggests CFA's Barbara Roper.
GOP Jumps on Minimum Wage Job-Loss Report
The CBO report said boosting the minimum wage may cost as many as 500,000 people their jobs.
SEC Proxy Advisory Roundtable to Discuss Conflicts of Interest, Competition
Former SEC Chairman Harvey Pitt will be among the panelists at SEC's Dec. 5 proxy advisory firm roundtable.
Bernanke on Occupy Wall Street Protesters: ‘Can’t Blame Them’
The Occupy Wall Street movement has some found legs, and Ben Bernanke, the Fed chief, seems to be at least a bit on the side of the protesters, as labor unions have now joined the demonstrations in New York.
Rep. DeFazio Aims to Tax Trading
Rep. Peter DeFazio, D-Ore., is doing it again—partnering with Sen. Tom Harkin, D-Iowa, to present a bill to tax trades of stocks, bonds and derivatives. The two previously tried in 2009 to propose such a measure, but it failed.