FSI

The regulation's enforcement provisions will not take effect until July 1, 2019, the Labor Department said.

The department's proposal furthers efforts to undo the controversial regulation.

Assets in products susceptible to the risk of fire sales during a future shock are up 673% since 2000.

Experts stress that advisers are on the frontlines in detecting when senior clients suffer from diminished capacity or fall victim to abuse.

An open question is how the latest effort by the agency would coordinate with the Department of Labor.

Alexander Acosta must reckon with a June 9 deadline amid a tense political debate dividing the industry.

The latest developments make columnist Bob Veres wonder whether he has fallen through a wormhole.

The decision landed just hours after the Department of Labor asked for the decision to be postponed while it complies with a Trump order to review the regulation.

The move is additional fallout from the president's memo to the Department of Labor to review the regulation and possibly rescind it.

Meanwhile, a prominent Republican congressman called on President Trump to delay the regulation's implementation.