CFP Board to Seek More Comments on Conduct Standards
The CFP Board made "meaningful changes" after the first round of comments, Chairman Blaine Aikin said.
DOL Ready to Enforce Fiduciary Rule: Acosta
If firms are willfully violating the best-interest standard, which took effect June 9, Labor will use its enforcement authority, Acosta told lawmakers.
CFPB Director Richard Cordray Will Step Down Before End of November
Cordray’s exit opens the door for President Trump to install a more industry-friendly leader.
Tax Bill Could Be Doomed in Senate Thanks to ACA Mandate Repeal: Valliere
The Finance Committee also made permanent the 20% corporate tax rate and made several other major changes to the bill.
Groups Urge SEC to Update Broker Electronic Retention Rule
WORM storage “is not an effective business continuity or cybersecurity defense tool,” trade groups warn the securities regulator.
SEC Penalties Fall in Trump’s First Year: Study
In its latest fiscal year, Wall Street’s top regulator sought the smallest amount of penalties since 2013.
Trump’s Tweets Are ‘Official Statements,’ Feds Tell Court
The question has been on the minds of lawyers and legal scholars since the tweet-happy president took office.
SEC Finds Widespread Compliance Failures Among Municipal Advisors
A risk alert details “frequently observed deficiencies” in the areas of registration, books and records, and supervision.
House Passes Bill Requiring Safeguards on Trading Data
The CAT system, which tracks market activity, was scheduled to launch soon but exchanges are reportedly seeking a delay.
‘Mini-Rothification’ of 401(k)s Could Be Added to Tax Bill
Retirement industry lobbyist Brian Graff blasted a proposal to apply Roth treatment to all catch-up contributions.