ERISA attorneys view guidance as favorable, with one warning of potential "traps."
“I’m sort of befuddled about why this whole hornet's nest was created,” a judge on the three-judge panel says.
Cybersecurity is the top compliance concern for financial experts.
Rep. Ann Wagner says the best interest standard her new bill proposes "applies to both investment and retirement accounts, unlike Labor’s rule."
Rep. Ann Wagner’s bill seeks to replace the rule with a best interest standard on BDs’ investment recommendations.
Obama’s DOL “underestimated the negative effects of the rule,” says Chamber of Commerce official.
Further delay will create “uncertainty” that will be “really problematic,” the rule's architect, Phyllis Borzi, said at the fi360 conference.
Acosta “is still looking for a solution that could be implemented in final form before June 9,” says ERISA attorney Fred Reish.
The bipartisan bill changes federal bankruptcy rules to establish parity between student loan debt and other debt.
Groups press Clayton to prioritize a uniform fiduciary rule for financial experts.