Organizations opposed to the fiduciary rule invested more in Capitol Hill outreach efforts last year, trying to convince Congress to stop the measure.
Agency to lean more heavily on Finra as SEC shifts some of its own resources toward registered investment advisers.
The regulator must find a way to increase the productivity of its examiners
Clients need to be sold on the idea of saving for retirement, and needing advice on retirement investments
The self-regulatory organization is continuing its recent push to hold broker-dealers accountable for the suitability of product sales.
Finra ordered a dozen firms to pay restitution and fines totaling $6.7 million for failing to give clients discounts for large purchases of unit investment trusts.
Fines, levied in July and August, top $500,000; Voya Financial takes biggest hit
The measures, which affect 401(k) and IRA limits and beneficiary withdrawals, have been proposed in previous budgets to no avail, but still worry financial industry groups.
Flurry of legislative efforts to kill the controversial rule likely to fail, and the rule is a question of when, not if.
Independent financial advisers should heed two upcoming rules that may require operational changes, as well as recognize the overall aggressive regulatory environment coming out of the SEC.
While the House has been active considering similar legislation, this marks the first time the Senate is jumping into the fray.
The two bills would require Congress to approve the rule. Fight on a best-interests standard is now split straight down party lines.
Implementing the standard on retirement accounts could reduce annual revenues by more than twice current estimates, according to a Morningstar report.
Experts think the top candidates will have SEC experience.
Though fines dropped last year, experts think the regulator's revised sanctions guidelines will mean an upward trend in penalties as well.
Advisers can help elderly clients avoid being a target, securities regulator says.
'Kasich has been my favorite all along,' the billionaire money manager said.
Organizations that dominate lobbying expenditures also donate the most to political campaigns. Leading the charge are NAIFA and the ICI, while TD Ameritrade contributed just $9,000.
