Firm found liable for top producer allegedly improperly delaying payments to North Dakota woman.
House likely to approve measure that effectively kills rule package, but it faces uphill battle in Senate
Case hits Spire Securities and its CEO and COO for activities of barred adviser who ran Ponzi scheme.
Despite an agency directive to eliminate the word 'fiduciary' in Form CRS, SEC officials say it's OK to use it.
Compliance requirements in the regulatory package affect both brokers and investment advisers.
Portion of settlements with financial perpetrators would supply the pool.
Agency seeks comment on easing limits on eligibility, investment amounts.
Industry push results in chance to air grievances on July 17 and another month to present objections.
Documentation will be key to passing exams under the rule, observers say.
Executive says clients prefer to work with investment advisers because of the transparency, greater choice in investment options and fiduciary status of the business model.
