An issue being watched closely is whether the SEC asserts that its best-interest standard preempts any similar regulations adopted by states.

Despite Senator Elizabeth Warren's demand that Obama replace SEC Chair Mary Jo White, White may have been asked to stay on by both the Clinton and Trump campaigns.

While the SECs involvement provides the brokerage industry another front for battling the White House plan, it also gives the Labor Department cover to proceed on its own.

The SEC is being drawn into the middle of what promises to be one of the most bruising Wall Street lobbying battles in years.

At meetings at the White House, industry executives warn of harm to savers with small balances.

The Financial Stability Oversight Council is planning to solicit views from the industry and the public on which asset management activities could threaten the financial system.

U.S. regulators are poised to label MetLife Inc. a potential threat to the financial system.

Democratic and Republican lawmakers are cooperating on legislation that would lift some of the secrecy around the U.S. council that decides which companies pose the biggest risks to the financial system.