SIFMA

Leading trade groups counter a request from AARP and three states for fiduciary rehearing, in hopes that the circuit court's rejection will be the last word on the regulation.

Collaboration is key to the effort since there “is no competitive advantage to be the only firm engaged in data protection."

Merrill Lynch, UBS and others made considerable alterations to policies and procedures in order to be compliant with the Labor Department regulation.

Focus turns to the SEC as it considers creating its own higher standard of client care.

With the SEC and Labor Department rethinking their approach to a higher standard, a court's recent ruling may not have a lasting impact.

The industry has resisted the SEC’s Consolidated Audit Trail surveillance system ― dubbed CAT ― in its current form based on cybersecurity concerns.

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

Exchanges are required to begin feeding trading data into the Consolidated Audit Trail on Wednesday.

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

Speaking to hundreds of industry executives, Jay Clayton said his agency can't simply supplant the Department of Labor.

The change could alleviate firms’ recruiting worries that they must pay trainees to spend the first few months studying.

Moves by Nevada and others threaten to create compliance confusion.

Public perception, the laboriousness of the rule-making process and other factors have acted as roadblocks to wholesale repealing the regulation.

A new bill would go further than past attempts to block the Labor Department altogether.

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

One brokerage executive likens the situation to changing the rules of a football game after the teams are already on the field.

Hope is dimming, but top Democrats like Sen. Elizabeth Warren and investor advocates are unlikely to relent in their efforts to preserve the regulation.

The department says it needs time to complete a review of the regulation ordered by President Trump, who also recently outlined criteria for reversing the rule.

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

A Senate bill would provide liability protections for advisors who report suspected abuse of senior clients.