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9 more firms adopt fee disclosure template for clients
The fee schedule, developed by state regulators and other groups, details account maintenance and cash management charges.
Opponents of DOL fiduciary rule want SEC to modify suitability standard
ICI chief executive Paul Schott Stevens is the latest to telegraph the route the financial industry wants the agency to take.
Industry groups tell Acosta to make extension of DOL fiduciary rule delay his first order of business
Senate approves Trump's nominee as DOL secretary, 60-38.
SIFMA wants a ‘time out,’ seeking longer delay of DOL fiduciary rule
Meanwhile, the Consumer Federation of America complains that the Trump administration has prematurely made up its mind to repeal or replace the fiduciary measure.
Time for an in-depth look at regulatory duplication
Regulators should launch a full-scale investigation into how to avoid putting firms into double jeopardy.
New Orleans appeals court denies emergency injunction to stop DOL fiduciary rule
Financial industry opponents continue their losing streak in court
Opponents troubled by mere 60-day delay of DOL fiduciary rule
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.'
Brokers riled by overlapping enforcement penalties from multiple regulators
With several agencies patrolling the same beat, advisers and firms can be hit with numerous sanctions for a single infraction.
Finra launches ‘360’ initiative to review operations, ‘look at ourselves from all perspectives,’ says CEO Robert Cook
CEO Robert Cook said self-regulator is seeking ways to improve its interactions with brokerage firms.
SEC watchers say Trump may not follow traditional party split on regulatory panel
The president could appoint two independent members or simply leave the vacancies open.
DOL fiduciary rule opponents file injunction in Dallas court
They face the challenge of asking for the order from the same judge who ruled against every claim in their lawsuit.
Fate of fiduciary rule rides on regulators’ political savvy
Acting Securities and Exchange Commission Chairman Michael Piwowar outlines ways to help 'forgotten investor,' but fiduciary duty is conspicuously absent.
Advocates push to delay DOL fiduciary rule delay; industry waits for likely stall
Only supporters of the DOL rule have met with Office of Management and Budget officials, while industry groups have kept their distance.
Campaign spending up among advice groups
Brokerage, insurance and mutual fund groups spend more money than investment advisers in quest to gain the ear of lawmakers on both sides of the political aisle.
Dallas court approval of DOL fiduciary rule bolsters supporters’ case
The loss in Texas was the third that industry plaintiffs have suffered in courts around the country and perhaps the one that stung the most. Plus: John Bogle on why demise of fiduciary rule would be 'step backward' for nation
Outlook good for expanded accredited investor definition after strong approval in House
Sailing through the chamber, bill includes changes to who is considered a sophisticated investor eligible to participate in private placements.
Adviser groups boost political spending to gain Capitol Hill influence
At least four trade associations reached their highest levels of donations in this election cycle, the FEC reports.
SEC gets staff recommendation to allow third-party exams
Mary Jo White says the commission is reviewing a staff proposal and could vote to move ahead with independent audits.
Brokerage groups’ higher spending on lobbying doesn’t kill DOL fiduciary rule
Despite heavily outspending investment adviser groups on lobbying lawmakers in the second quarter, industry trade associations didn't succeed in a key goal.
Adviser, insurance groups step up spending on political campaigns
Some have a board mandate to shell out more, while others have been encouraged by seeing their donations enhance their lobbying efforts.
