If clients ask, firms must give them contact information for their former brokers
SEC chairman indicates desire to modify accredited investor standard.
Robert Jackson Jr. warns that the advice measure will need unified support to withstand legal challenges.
Broker-dealer's claim involves insurer's decision to stop paying trail commissions.
Student debt is often associated with young people taking out loans and putting off rites of passage after graduation to repay them. But mom and dad often sacrifice more.
The Trump administration and Congress are considering limits on debt allowances as well as clearer repayment options in federal programs.
One-page document would crystalize costs highlighted in Form ADV
Allison H. Lee could arrive just as the agency is finishing its advice reform rule, or get stuck awaiting Senate confirmation.
Further action appears unlikely with legislature set to adjourn April 8.
Measure would help small businesses offer plans, require that statements include lifetime-income projections, ease use of annuities in plans and increase the RMD age.
