More than 100 House Republicans wrote a letter to the new DOL secretary, telling him there is an "urgent need' to act on the investment-advice regulation.
Mark J. Varacchi may have to return $3.95 million his firm allegedly stole from investors.
Mr. Block faces charges of conspiracy to commit securities fraud, securities fraud and making false filings with the Securities and Exchange Commission.
The problem lies in who gets defined as a rogue broker.
Democratic support could bode well for future legislative threats, as critics of the rule turn their attention to new Department of Labor secretary Alexander Acosta.
While getting Supreme Court Justice Neil Gorsuch confirmed was a major win, Mr. Trump has stumbled in many other important areas.
In one example, Scott Allen Sibley allegedly exposed risk-averse retiree to naked options.
The proposed Financial CHOICE Act lays out a series of tough provisions the SEC would have to meet to adopt a uniform fiduciary standard.
Litigation over these agreements often favors the firm, but there are ways for advisers to protect their businesses.
InvestmentNews survey shows that more than half disapprove of his job performance.
Ideas floated in the past include imposing a Canadian-style capital-gains tax at death in place of a federal estate tax, but the president hasn't offered additional details.
More than 200,000 inexperienced retirement plan advisers aren't going to exit the market overnight.
Senate approves Trump's nominee as DOL secretary, 60-38.
Walter Marino allegedly profited from advising elderly clients to buy new contracts.
Trump's proposal doesn't touch such deferrals, but stakeholders fear Congress will attempt to use 401(k) plans to offset tax cuts.
With many details yet to be ironed out, the list of goals unveiled Wednesday includes lower business and individual rates, a higher standard deduction and elimination of the net investment income tax and estate tax.
Amy Florian says advisers should urge clients to prepare "diminished capacity letters" in case they start to lose their faculties.
Massachusetts regulator calls the pending legislation 'a gift to the investment industry and Wall Street special interests.'
