Advocates for imposing a universal fiduciary duty for retail investment advice are questioning both the motives and the timing behind a study released by the Securities Industry and Financial Markets Association that raised concerns about a single standard of care.
Workers will be able to quickly and easily compare retirement plan investment options, including the fees charged in each, under a regulation promulgated today by the Labor Department.
Republican takeover of the House of Representatives won't scuttle Dodd-Frank, but the party's decisive victory last week will likely shape implementation of the massive financial regulatory reform law through aggressive oversight of the rule-making process.
It remains to be seen whether lawmakers will extend tax cuts set to expire at the end of the year
Finra and IAA square off in an adviser oversight battle
Pressure likely to be exerted on SEC, Finra, other agencies; 'unprecedented level of congressional oversight'
It's been an ugly, mud-slinging, smackdown of a campaign. The results may not be any prettier -- at least, not for advocates of financial reform.
It's been an ugly, mud-slinging, smackdown of a campaign. The results may not be any prettier — at least, not for advocates of financial reform.
The potential for political upheaval on Capitol Hill following the Nov. 2 election has grabbed the attention of many financial interest groups — and has some preparing to change the targets for their advocacy efforts
One of the groups meeting with the SEC during the second phase of its study on fiduciary duty believes that the agency is likely to promulgate a regulation imposing a universal standard of care for retail investment advice.
