Regardless of whether the fiduciary rule is ultimately repealed, advisers say it is becoming more popular among consumers.
But the Labor Department says 'there is little basis for concluding that advisers need still more time before they will be ready to give advice that is in the best interest of retirement investors.'
Agency pushes back implementation date just before April 10 deadline
The full Senate is expected to vote on the nomination later this month.
The commission's March 30 opinion clears the way for Ms. Bennett to move forward with her federal court claims that the agency's in-house forum is unconstitutional.
Under the measure, the April 10 applicability date will be pushed back to June 9.
Nominee had conversations with Peter Thiel, Rebecca Mercer, Stephen Bannon and Carl Ichan as some Democrats question whether he will be a tough regulator.
New fiduciary standard will lead industry forward regardless of DOL rule outcome.
Regardless of DOL gridlock, RIAs are embracing their fiduciary status and promoting it to prospective clients.
If you succeed in warning clients away from just one scam or fraud, their gratitude, respect and loyalty will be unsurpassed
Broad questions on the rationale for SROs in the securities industry provide a starting point for the regulator to review and hone its mission, says CEO Robert Cook.
Thomas Caniford pled guilty to securities fraud, publishing false statements and theft from the elderly.
The business changes eliminate variability in 401(k) fees and reduce the appearance of any conflicts of interest.
The Obama-era regulations will likely be scrapped by President Trump, whose administration has already taken a stance against them.
The bi-partisan legislation would permit the regulator to pursue larger fines through its administrative process
Advocates for the rule say the Trump Department of Labor is moving too quickly.
The OMB will review the final rule and, if it approves the measure, send it back to the DOL to finalize the delay.
Broker-dealer changes affect how advisers can do business.
The "pay-for-play" bribery scheme involved the $184 billion New York State Common Retirement Fund and payments for hookers, strippers and drugs.
