Finra's CEO was one of the sharpest critics of the proposed rule, but now he's praising the Labor Department. <i><b>(More: <a href="http://www.investmentnews.com/section/fiduciary-focus" target="_blank">Coverage of the DOL rule from every angle</a>)</i></b>
On tap for 2016: Fiduciary duty comes to fruition?
Congressional threat to the Labor Department's retirement advice regulation gets nixed by White House, while D.C. court says it will hear a case against the rule.
Third legal complaint against the Labor Department's regulation to raise retirement advice standards is filed in a Texas court by insurance-industry organizations.
Deputy Assistant Secretary Timothy Hauser was scheduled to participate but abruptly backed out late last week, after the Insured Retirement Institute joined a lawsuit seeking to vacate the rule.
Experts weigh plaintiffs' likely arguments versus Labor Department's legal standing and odds in court.
Deputy assistant secretary Tim Hauser said the Labor Department has room to adjust the rule if problems arise.
The U.S. senator raised doubts on Thursday about whether the financial industry can police itself.
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