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While it was driven by the big firms’ desire to avoid litigation costs, there was a catalyst, without which I believe there would have been no pact.

Rob Mooney is co-founder and CEO of Snowden Lane Partners. He spent 22 years at Merrill Lynch and served in a variety of senior roles including as general counsel and chief business risk officer of Global Wealth Management (GWM) and as a member of the GWM Executive and Operating Committees.

Christina Wojcik is vice president of legal services at Seal Software, a data extration and analytics firm.

The tax cut proposal would not benefit retirees because most of them either owe no federal income taxes or face a modest tax burden.

Secretary Alexander Acosta told lawmakers that the department will pursue actions against advisors and firms for egregious best-interest advice violations.

The firm previously accused its former employee of using company stationery to continue to pass herself off as an Ameriprise advisor.

Rutger van Faassen is vice president of lending at Nomis Solutions in San Bruno, Calif.

The group is the second team to join the Tucson branch in two weeks.

AI, HSAs, commissions and cybersecurity are top of mind for advisors attending at the firm’s annual Impact conference. The CEO makes his predictions.

The board will release new proposed revisions and seeks additional public comments.