Both sides claim they're doing what's best for the average investor.
A recent district court decision has implications for how retirement plan sponsors should monitor their adviser.
Bill's sponsor, Republican Rep. Ann Wagner, still hopes to get bipartisan support.
Broker-dealer hasn't yet determined whether the platform will be mandatory when it launches next year, given the fluid regulatory environment.
Regulator censured the firm for failing to maintain copies of messages.
The custody rule can put unnecessary burdens on both the adviser and the client.
Concern about 'Rothification' as part of larger tax reform spurs lobbying.
In his first major speech as agency chairman, he says a guiding principle is 'long-term interests of Mr. and Ms. 401(k).'
Legislation would require brokers to 'avoid, disclose or otherwise reasonably manage' conflicts of interest.
Claimants wanted $3 million for alleged fraud, churning and negligence in bond trades
Though the House version would repeal the 3.8 percent tax on net investment income and 0.9 percent Medicare surtax, the Senate is trying to win over moderate holdouts.
The settlement, if approved, would be among the largest in cases alleging enrichment due to use of proprietary investments.
The plaintiff claims the plans were "loaded" with proprietary mutual funds, and 98% of the investable assets were held in company-affiliated investments.
Several obstacles await lawmakers, including an ongoing health-care fight and deadlines to keep the government running, let alone divisions among Republicans on the basic parameters of a tax bill.
Advisers preparing new financial plans are flying blind when it comes to clients' health-care needs.
Finra may rethink its ban on class-action waivers in arbitration clauses, depending on whether the court sides with the Trump administration.
The rule is a blip for elite plan advisers, but there are a number of ways inexperienced advisers are reacting.
Certain firms may find themselves facing even greater competition as they focused more on compliance instead of strategy.
Some see the implementation as a watershed moment for these retirement plans.
But the agency does not protect a provision of the regulation that allows class-action lawsuits.
