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The Financial Services Institute blasts the move and won't rule out legal action to reinstate the more favorable Trump-era regulation.
May 12 -
The legislation re-introduced in Congress could give more clients the option of seeking damages through the courts.
April 22 -
Consumer advocates are calling for Gary Gensler to toss out Reg BI as wealth managers aim to keep the prior administration’s rule in place.
February 3 -
Industry groups warn of creeping fiduciary obligations, while consumer advocates see it as a setback for investor protections
August 7 -
The announcement was welcomed by Wall Street lobbying groups, some of whom sued to vacate the Obama-era regulation.
June 29 -
FSI aims for a pragmatic approach when advocating on behalf of more than 90 independent broker-dealers and 30,000 financial advisors, Deputy General Counsel Robin Traxler says in an episode of the Financial Planning podcast.
April 7 -
When Congress killed tax deductions for financial advice in 2017, the world was a different place. Now planners want them restored to help clients during the coronavirus crisis
April 6 -
Wealth management firms should track the lives they impact beyond the size of their client books, KMS Financial Services CEO Erinn Ford says in an episode of Financial Planning’s Podcast.
March 17 -
The IBD advocacy group expects no letup in enforcement by the regulator — with wide ramifications across wealth management hanging in the balance.
January 28 -
The custodial giant is aiming to cut down on the time involved with opening accounts — which advisors often view as a drain.
January 27