The financial services reform bill in Congress calls for 68 in-depth studies into financial services products and practices, including: performance data in mutual fund advertisements, short selling and stronger insurance regulation, which could impact annuities and other retirement income products.

"A lot of hte topics the new bill deals with are very complex and interconnected," Scott Talbott, senior lobbyist with the Financial Services Roundtable, told CNN. "One change in one area can set off a domino effect."

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.