Legal

The confirmation hearing of Trumps nomination to lead the Labor department will be delayed due to a rescheduling of the Education nominee's hearing.

For all the industry debate over the DOL fiduciary rule, its necessity, or opposition to it, never emerged as a household issue, one industry expert says, explaining why any bills to kill the rule will move slowly.

Legislation aimed at delaying the DOL fiduciary rule's implementation date has been introduced in the House of Representatives.

A class-action lawsuit regarding excessive fees and fiduciary duties and involving Prudential and CapTrust Financial Advisors has been dismissed. Here's why.

Even if the SEC's version of a fiduciary rule doesn't happen under nominee Jay Clayton, it still has a rule already on the books it could enforce, notes an expert with the CFA Institute.

At issue is whether the SECs administrative judges are employees of a federal agency, or whether their power makes them inferior officers of the federal government, which requires a presidential, court, or agency-head appointment.

The way the SEC appoints Administrative Law Judges violates the Constitution, a court of appeals has ruled, setting up a split among the circuit courts and presenting the possibility of a Supreme Court review.

Trumps transition team says he intends to nominate Jay Clayton to run the Securities and Exchange Commission, replacing Mary Jo White.