The Department of Labor's proposed method for estimating monthly retirement income doesn’t factor in inflation and fails to account for future retirement contributions or earnings, critics say.
Commissioner Hester Peirce is likely taking over the helm as acting chair for roughly three weeks in January, but lawyers say she’s not likely to push through any major regulations.
The Small Business Administration has released searchable spreadsheets on all 5.2 million recipients of the Paycheck Protection Program loans, and some news outlets have found "troubling patterns."
The American Securities Association tells the commission there's no benefit and only harm from the collection of personal and financial information for the database.
The Consumer Federation of America says the lobbying of industry groups for the SEC to stop its “subregulatory sabotage” to outlaw 12b-1 fees would prevent the commission from enforcing its rules.
The lawsuit claims the advisor, who has retired from the wirehouse, gave “wrong and negligent” advice when asked by a client about a transfer of death form.