Legislation introduced Thursday would ban such requirements for investor claims.
Top regulator's support of a uniform standard breaks a tie among commissioners that has stymied efforts to move forward.
Calls for curb to 'egregious tax loopholes' that enable varying tax bills for investors with the same underlying assets.
Sen. Boozman and Rep. Crenshaw say Labor Department should wait for SEC to act, claim rule will significantly hurt lower-income clients.
The president plans to direct the Department of Labor to move ahead with a proposal that would raise investment-advice standards for brokers handling retirement accounts, arguing that conflicted advice is costing Americans billions.
Possible presidential hopeful seeks to simplify tax code with two rates for income taxes, one for corporate taxes.
As brokerages feel pressure ramp up, forms coming later than usual.
Advisers are hopeful that the House will approve making tax breaks for IRA charitable donations permanent, but are trying to keep expectations low.
With spotlight on consumer confusion, harm, some think SEC will be swayed to quicker action reviewing brokerage contracts.
Brokers do a better job at cybersecurity than investments adviser, according to the SEC.
