InvestmentNews roundtable panel debates rules for advisers vs. brokers.
Group worries that proposal would disparately affect African American retirement savers, reps
Amendment would require Labor Department to work with SEC on revised standard
Seen as bigger problem than in the past; 'much worse'
With Mary Jo White at the helm, the SEC will try again at reforming money market funds. The new chairman is keeping her cards close to her chest but the industry is hopeful she'll play a good hand.
Instant approval once paperwork is filed, fee is paid.
If designation holds, firms will be subject to Fed oversight, stricter control
