The SEC's proposed best-interest rule for brokers strikes the right balance, Chairman Jay Clayton testified before a House committee Thursday. The agency is accepting public comment on the rule until Aug. 7.
Read moreSEC Investment Advice Rule Tough Enough, Clayton Assures Pols
Hot off the wires
From INN Magazine
- Post-DOL Ignition
- The Amazing Fiduciary Race
- When Rockefeller Was Rich
- The Life Insurance Solution To Long-Term Care Planning
- Tax Law Unlocks Life Insurance Opportunity In Estate Planning
- When Taking RMDs Is Not In Your Client’s Best Interest
- Annuities Can Help Boomers Consider Wealth Transfer Plans
- 3 Ways To Start The Hospital Indemnity Plan Conversation
- Attract Millennial Clients With A Service Subscription Model
Washington Wire
White House Wants To Merge Labor, Education Departments
The White House announced Thursday sweeping plans to reorganize the government’s executive branch, including a merger of the Labor and Education departments. The White House said the plan would help make the federal government “more efficient, effective and accountable.” The White House said the federal government “lacks the organization and technology” to…
- Trump To Sign Executive Order To Keep Migrant Families Together
- Massachusetts, New York Sue Over Association Health Plans
Annuity News
Former California Agent Sentenced In $2M Fraud
June 21– A former insurance agent who admitted to stealing more than $2 million dollars from his clients was sentenced Thursday to 15 years in prison and ordered to pay $3.5 million- plus in restitution and fines. Brian Smart, 41, agreed to an Orange County Superior Court offer requiring him to plead guilty to 15 felonies, including grand theft, theft from an elder…
INN Exclusives
Wirehouse Assets Sliding To Burgeoning RIAs
As advisors and assets continue to shift away from wirehouses and toward RIAs, the RIA channel itself is becoming more…
INN Insider
Wells Fargo’s Losses Mount: 80 Brokers, $12B In AUM
Wells Fargo has lost at least 80 brokers managing more than $12 billion in assets before the end of the second quarter.
