The bill sails through House, 419-0, on a fast track. Its author, Rep. Ann Wagner, R-Mo., hopes the Senate acts this time around.
Broker-dealers are falling short in identifying and mitigating conflicts of interest, the agency said.
The House Republican bill is likely to hit a wall in the Democratic-majority Senate. There might be a better chance to extend some 2017 tax cuts set to expire in 2025,
The CFP Board's decision to split itself into two nonprofits would allow it to establish a membership organization, but groups like FPA don't expect it to do so.
The group is setting up a 501(c)(6) organization that will give it more latitude to talk to students about the benefits of becoming a CFP and to the public about the benefits of working with one.
The CE requirements are the first for investment advisors, who must take 12 credit hours of courses in products and practice as well as ethics.
An unusual coordinated effort among state lawmakers seeks to impose wealth taxes across the country, but advisors warn levies on assets will drive high-net-worth clients to lower-tax states.
One advisor allegedly recommended unsuitable investments to a client and then failed to monitor her portfolio or meet with her. Another claimed in an ad his retirement program could raise all the money needed for a nest egg in 3 to 5 years.
It’s the central question for the GOP and industry lobbyists as Congress takes a larger role in regulating the regulator.
They're confident that after some political theater over the next few months, lawmakers will reach an agreement to boost the debt limit because the consequences of not doing so would be catastrophic.
