One investor group argues the state’s final rule, going into effect March 6, has been significantly weakened to mirror some of the worst aspects of Reg BI. Meanwhile, industry groups are concerned with how fast the rule has been finalized.
The Democratic candidate for President also proposed a 0.1% tax on all financial transactions as part of his campaign's financial reform proposals.
Insurance regulators overwhelmingly approved revisions to annuities guidelines, aligning them with the SEC's Regulation Best Interest rule.