A bipartisan group of senators introduced a package of retirement savings bills Tuesday that includes making it easier for small employers to join pooled employer plans and giving employers incentives to use automatic enrollment and automatic escalation features.
July is looking like a watershed month for financial technology policy.
U.S. Federal Reserve Chairman Jerome Powell delivered an upbeat assessment of the economy, signaling it is strong enough to handle continued, gradual interest rate increases.
Four financial services groups are warning that current efforts to develop a "best-interest standard" are so uncertain that trying to comply with the standard would be incredibly difficult.
The House Ways and Means Committee's passage last week of a measure to expand health savings accounts (HSAs) is receiving praise from investment advisors, though the legislation faces a difficult path before becoming law.
Investors at roundtables in Atlanta and Washington, DC, told SEC staffers that proposals that are supposed to help consumers understand if they’re working with a broker or a registered investment advisor are confusing, according to attendees.
Although movement has been slow, state activity does signal continued interest in investment advice standards, even as the Labor Department's fiduciary rule wanes and the SEC works on its own advice reform proposal.
President Donald Trump has issued an order empowering the heads of federal agencies to directly appoint judges who decide cases, including Wall Street sanctions.
The House Financial Services Committee has approved a pair of measures that could adjust regulations to better fit small investment advisory firms and require the SEC to establish an internal task force on protecting senior investors.
Three financial services industry lobbying groups opposing the Department of Labor fiduciary rule notified a federal court in Texas on Monday that they would seek no more action in the matter. Chief judge Barbara M.G. Lynn of the U.S.
Brett M. Kavanaugh, nominated to fill a Supreme Court vacancy, once cast a deciding vote in a case crucial to the evolution of investment advice standards. Kavanaugh of the U.S. Circuit Court of Appeals for the D.C.
FINRA is requesting member firms to submit a wide range of details relating to their cryptocurrency-focused activities.
The Oregon state retirement program OregonSaves has enjoyed rapid growth in the months leading up to the conclusion of its first year in existence this week.
The Department of Labor (DOL) and Thrivent Financial for Lutherans are asking the U.S. District Court for the District of Minnesota not to close a case that narrowly challenged the fiduciary rule.
Next year could be a very active year for national retirement legislation, said speakers at the Kohler Retirement Plan Advisor Conference. Staff members for Rep.
The SEC announced Friday that Chair Jay Clayton will be holding a series of roundtable discussions with “Main Street investors” around the country in July to get their input on the regulator's best-interest regulation for investment advisors and broker-dealers.
SEC Commissioner Michael Piwowar said Friday that public comments will be crucial in shaping the agency's reform of investment advice standards.
A proposal set to be considered by the SEC Thursday would make it easier to bring new exchange-traded funds (ETFs) to market, laying out formal steps for setting up less-complicated funds and eliminating the need for many issuers to seek a special order from the SEC to allow| the funds to operate, according to insiders.
Legislation that would provide a remedy for unpaid securities arbitration claims was criticized at a Senate Banking Committee hearing Thursday. Written by Sen.