The SEC will be on guard against greenwashing, and it also will probe RIAs regarding revenue sharing, 12b-1 fees and wrap-fee accounts.
Advisers don't always have to recommend the least expensive option, but they'd better explain why they opted for the costlier one.
Supporters of the legislation, which would raise the RMD age to 75, are pushing for Senate action to get a final bill to President Biden later this year.
The measure would be another piece of Senate legislation that complements the SECURE 2.0 bill poised for House approval.
The disclosures mandated in the SEC's proposed regulations would help connect severe climate activity to business costs rather than simply labeling them force majeure, a fund company executive said.
The vote to release the proposal shows a deep divide at the agency, and Republican Commissioner Hester Peirce warns the SEC is exceeding its authority.
The state's former securities commissioner, Irwin is campaigning for a seat in Congress.
Sen. Sherrod Brown says PE has a track record of 'undermining pension and retirement programs.' The American Investment Council praises PE stewardship of insurance firms.
Finra didn't provide details about the rules, which will be made public when they're submitted to the Securities and Exchange Commission.
But they differ on exactly how to provide it, ensuring the debate will go on.
