In a posting on its <a href="https://www.reginfo.gov/public/do/eoDetails?rrid=127214" style="color:#b10816" target="_blank">website on Tuesday morning</a>, the Office of Management and Budget also noted that it changed the designation of the delay to "economically significant."
Office of Management and Budget designates the delay 'economically significant,' making it more difficult for DOL to justify stall.
Acting Securities and Exchange Commission Chairman Michael Piwowar outlines ways to help 'forgotten investor,' but fiduciary duty is conspicuously absent.
Michael Piwowar says opening sales of private placements to ordinary investors would boost returns, portfolio diversification
Opponents of rule seek to overturn loss in district court.
Finra experienced slight increase in 2016 cases, but total continues to be far below post-recession highs.
Only supporters of the DOL rule have met with Office of Management and Budget officials, while industry groups have kept their distance.
Brokerage, insurance and mutual fund groups spend more money than investment advisers in quest to gain the ear of lawmakers on both sides of the political aisle.
The arbitrators found that UBS and UBS Puerto Rico were liable for $7.983 million in compensatory damages and $1 million in punitive damages.
Judge Daniel D. Crabtree granted summary judgment to DOL in a lawsuit filed by Market Synergy Group Inc., a Topeka insurance agency that develops fixed index annuities and other proprietary insurance products.
