Regulatory reform

Robert Cook detailed his multi-year overhaul aimed at easing compliance, revisiting old rules and rooting out bad actors.

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

The Labor Department's own rule-making process may be presenting hurdles to completely rescinding the regulation.

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

The Labor Department will now conduct a review with an eye toward amending or rescinding it.

Here's what an alternative approach to the Labor Department regulation could look like.

Firms will be permitted to place a temporary hold on disbursements of funds when there is reasonable belief of financial exploitation.

Postponement serves no purpose, because honest consideration will not change the regulation.

Big firms are asking for more time, while investors and even some advisers are asking the Labor Department to keep the rule intact.

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