Jay Clayton

Chairman Jay Clayton and OCIE's director provided advisors with hints on the regulator’s methods.

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

OCIE plans to conduct 1,850 probes of RIAs, a 28% jump over its 2016 total, while sharply cutting those aimed at broker-dealers.

The move comes the same week that the SEC said it would try to coordinate with the Labor Department on the regulation.

Jay Clayton acknowledged in testimony on Capitol Hill that it's a “very complicated issue.”

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

In 2016, the SEC brought a record 868 cases, including 173 against broker-dealers and advisers and 159 against investment companies.

Business groups looking for regulatory relief were quick to hail the Senate's confirmation of Jay Clayton, a veteran Wall Street lawyer.

The prominent Wall Street lawyer makes a strong argument to skeptical lawmakers that he will be a tough cop on the beat if confirmed.

The senator isn't waiting for attorney Jay Clayton's confirmation hearing to ramp up her opposition.