SIFMA

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.