House GOP Makes Last-Ditch Effort to Stall DOL Fiduciary Rule
Rep. Jeb Hensarling said he would advance Rep. Ann Wagner's Retail Investor Protection Act to “stop” the Department of Labor's “misguided” fiduciary rule.
Rep. Wagner Wants Bill to Halt DOL Fiduciary Rule Marked Up by Month-End
"DOL is dug in on this, but I’m pretty dug in, too," Wagner said ahead of a Thursday hearing on her bill.
5 New Compliance Headaches for Advisors, BDs
As Labor Day approaches, here are five big compliance developments advisors may have missed in recent months.
Dodd and Frank on Dodd-Frank
“We did very difficult, politically hard things” in the Dodd-Frank Act, former Massachusetts congressman Barney Frank said. “My head hurt.”
Valeant Tells Congress a Different Tax Tale Than Investors
The U.S. Senate Permanent Subcommittee on Investigations held its first hearing under new leadership on Thursday with a dive into the U.S. corporate tax code.
Defining ‘Best Interest’ Standard in Fiduciary Debate a Head Scratcher
Two industry trade groups and the Financial Industry Regulatory Authority came out recently with uniform best interest standards in an attempt to squelch what they say will be competing fiduciary plans to be issued by the Department of Labor and the Securities and Exchange Commission.
6 Results if Supreme Court Kills Obamacare Subsidies
The Supreme Court is expected to make a ruling on the King v. Burwell case any day now.
Former Obama Official: Advisors Need to Serve Lower-Income Families
After the financial crisis, "many families who were financially secure before are now living paycheck to paycheck,” says Michael Barr.
EPA’s Fracking Study Bolsters Energy Industry, Undercuts Environmentalists
Industry groups said that the result vindicated what they have been arguing for years: drilling activity has risks, but fracking doesn’t deserve new federal oversight.
SIFMA, FSR Propose ‘Uniform Best Interests’ Standards for BDs
SIFMA’s CEO, Ken Bentsen, says its legal standard would protect investors and avoid “separate and inconsistent” fiduciary policymaking at DOL and SEC.