SEC, Finra targeting high-fee share classes, 12b-1 fees and failure to give sales load discounts and waivers to investors.
Pass-through provisions are target of groups representing employee-model brokerage firms, as well as retirement plan advisers.
Plaintiffs cite the two provisions of the regulation that became applicable in June, which they claim are 'imposing direct, substantial and continuing burdens on appellants' members.'
Regulator also seeks to set one-year limit from time a case closes to request a hearing.
Senate measure's handling of such small-business income is simpler and makes allowances for more service companies.
Broker-dealer self-regulator summarizes deficiencies on areas including product suitability, cybersecurity
Senate Banking Committee approves measure as part of larger Dodd-Frank reform bill.
Major variations include provisions on stock sale timing, pass-through policies and the alternative minimum tax.
Under a draft proposal being considered by insurance commissioners, agents would be required to put "the interests of the consumer first and foremost."
Owners of marketing firm Platinum Advisor Strategies deny trying to terminate Robert Sofia without compensation.
