Putting together a new cost-benefit analysis could be tricky for DOL staff, who spent the last six years working on a regulation that already was assessed and has been upheld by three court decisions so far.
SEC approves Finra regulation to curb financial exploitation, but requirements are slim.
Asks Trump's nominee for secretary of Labor how he'll evaluate the retirement advice regulation.
The mandate to review the rule and the accompanying delay leave the industry scrambling to adjust.
The implementation delay stops a regulation that has been almost seven years in the making.
The loss in Texas was the third that industry plaintiffs have suffered in courts around the country and perhaps the one that stung the most. <b>Plus: <a href="http://www.investmentnews.com/article/20170209/FREE/170209897/john-bogle-demise-of-fiduciary-rule-would-be-step-backward-for-nation" target="_blank">John Bogle on why demise of fiduciary rule would be 'step backward' for nation </a></b>
Attorneys ask the Dallas federal court not to issue a ruling pending a “status report” it plans to file in relation to President Trump's Feb. 3 memo to review the regulation.
Agency said it recruited 945 arbitrators in 2016, and that 33% were women and 14% African American. But reform advocates seek broader changes, such as with the expungement process and notice of unpaid awards.
In an 81-page ruling, Chief Judge Barbara M.G. Lynn of the Northern District of Texas, shot down each of the major arguments submitted by industry trade groups. <b>Plus: <a href="//www.investmentnews.com/article/20170208/FREE/170209909/justice-department-seeks-stay-in-dol-fiduciary-rule-lawsuit"" target=""_blank"" rel="noopener noreferrer">Justice Dept. seeks stay in DOL rule lawsuit</a>)</i></b>
Twenty-one firms have responded to a Jan. 19 letter challenging them to resist the Trump administration's efforts to stop the regulation, Ms. Warren told Acting Labor Secretary Edward Hugler.
