A group of lawyers representing insurance and securities brokerages have made a curious argument for why a federal court should kill a rule aimed at protecting retirement savers: It restricts Wall Street’s First Amendment rights. In front of a packed …
U.S. brokers managing retirement accounts must adhere to tough new standards under an Obama administration rule released Wednesday that aims to protect millions of savers from conflicted investment advice. The Labor Department regulation, which gave the industry some concessions from …
The Obama administration will release a long-awaited proposal on retirement advice on Wednesday, according to a person familiar with the matter. At an event at the Center for American Progress think tank, the U.S. government will unveil its proposed rule …
The U.S. Chamber of Commerce said on Monday it is prepared to sue the federal government if it finds a proposed rule on financial advisers meant to protect retirees is unworkable. The rule would create a “fiduciary standard,” meaning that …
Two influential U.S. lawmakers on Thursday criticized the financial industry for saying in public that a new rule on retirement advice could have “dire consequences,” but then speaking optimistically about it with shareholders. The proposed rule would create a “fiduciary …
The U.S. Labor Department on Friday took the next step toward requiring brokers who provide retirement advice to follow a “fiduciary” standard of putting clients’ interests first, a move that could roil the financial services industry. The White House’s Office …
Wall Street may get one more shot to derail rules championed by the White House that would put tighter restrictions on brokers who advise Americans on saving for retirement. While financial firms trying to kill the regulations still face long …
