The agency says the measure will ensure financial advisers act in retirement savers’ best interests
XYPN co-founder Michael Kitces says the federal appeals court’s decision to uphold the measure could ‘embolden’ states
The 2nd Circuit rules the SEC acted within its authority to set new broker advice standard
As part of its effort to strengthen enforcement, the board identified about 1,200 advisers who hold the CFP mark whose conduct merits further investigation
The agency argued a fiduciary responsibility involves focusing solely on returns for participants
The ruling upholds the agency's right to claw back ill-gotten gains as long as they’re from net profits of fraudulent schemes
The SEC chair has placed much political capital into reforming the agency's rules
The architect of the DOL fiduciary rule remains skeptical of the SEC measure
The Democratic choice is likely to be paired with Republican Hester Peirce in the confirmation process
The panel also advanced a proposal to target exam cheating and pledged to increase the diversity of its membership
