Financial CHOICE Act faces long odds in Senate. Meanwhile, House and Senate Republicans introduce stand-alone legislation to scuttle the regulation.
The organization supports the underlying goals of the DOL rule, but thinks it should be "more appropriately tailored" to investment advisers.
New SEC Chairman Jay Clayton makes request for comment on fiduciary duty one of his first actions, as DOL reasseses its measure.
Commission seeks public comment on investment-advice standards; move suggests more coordination with Labor Department on fiduciary rule.
If investors are frustrated now, just wait until the Trump DOL comes out with an overhaul of the rule later this year.
It won't be delayed beyond June 9, but there could still be wholesale changes to the rule in the future. (<b>More:</b>​ <a href="http://www.investmentnews.com/gallery/20170523/FREE/523009998/PH" style="color:#b10816" target="_blank">DOL Fiduciary Rule: What you need to know about Acosta's decision) </a>
Former assistant Labor secretary who crafted the rule says President Trump won't be able to get rid of it simply because he doesn't like it.
Finra president and chief executive Robert Cook promises organization will revisit issue.
Congress might double contribution limits separately if health care bill falls apart in Senate, consultant says.
