A host of insurers tried to weaken a proposed rule revision by New York state that would protect consumer from inappropriate sales practices involving retirement savings products. So reports Politico.
In a recent study by Bankrate, 55% of Americans said they do not think their personal finances will improve in 2019.
The Securities and Exchange Commission’s work on creating Regulation Best Interest could be delayed because the regulator is operating with limited staff as a result of the government shutdown. So reports Advisor News.