Despite the Trump administration's anti-regulatory stance, individual agencies are developing plans to introduce a raft of regulations that will affect advisors in the year ahead, writes columnist Mark Schoeff Jr. He runs through the list of regulations advisors should expect. InvestmentNews (tiered subscription model)
The long-running rally in the equity markets has boosted portfolios but also increased investors' and advisors' vulnerability, writes Gary Manguso of FTJ FundChoice. He offers four steps to prepare clients for an eventual downturn in the markets, beginning with insisting on a meeting. InvestmentNews (tiered subscription model)
President Donald Trump's agenda of rolling back regulations is having little influence on state insurance regulators, who are "moving ahead pretty aggressively on everything," said Howard Mills of Deloitte. Among the major issues for state regulators are consumer protection, cybersecurity and the use of big data, Mills said. InsuranceNewsNet online
Two measures introduced in the House are intended to make annuities more accessible and modernize how retirement statements are provided. The Increasing Access to a Secure Retirement Act would help employers offer annuity options in their retirement plans, while the Receiving Electronic Statements to Improve Retiree Earnings Act is aimed…
House negotiators are fighting to keep a measure to kill the Labor Department's fiduciary rule in an interim spending bill needed to keep the US government running after Jan. 19. The House included the rider in its version of the bill, but final language will be decided through negotiations between…
The Financial Industry Regulatory Authority has explained rules, scheduled to take effect Feb. 5, that prevent financial exploitation of seniors. One provision authorizes FINRA members to temporarily hold up disbursement of funds or securities from accounts "where there is a reasonable belief of financial exploitation of these customers." ThinkAdvisor (free…
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