{"id":5480,"date":"2013-08-26T00:00:00","date_gmt":"2013-08-26T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2013\/08\/regulatory_reform_delay_or_des"},"modified":"2022-03-10T16:34:41","modified_gmt":"2022-03-10T22:34:41","slug":"regulatory-reform-delay-or-des","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/regulatory-reform-delay-or-des\/","title":{"rendered":"Regulatory Reform: Delay or Destruction?"},"content":{"rendered":"\n<p>10 Democrats in the US Senate are calling on the Obama Administration to delay a proposal by the Department of Labor involving retirement plan-related investment advice until after the SEC makes a decision over whether to put out its own proposal about retail investment advice. The Commission is looking at whether it should propose a rule that would up the standard for brokers who give this type of advice. The lawmakers are worried that the two rules might conflict and obligate investment advisers and brokers to satisfy two standards.<\/p>\n<p>Meantime, the Labor Department is getting ready to once more propose a rule that would broaden what \u201cfiduciary\u201d means for anyone that gives investment advice about retirement plans. Its previous proposal in 2010 met with resistance from the industry and some members of Congress. Even now there are also Republican lawmakers that want the DOL to wait until after the SEC makes a decision. <\/p>\n<p>Commission Chairman Mary Jo White says she would like the agency to make this decision as \u201cas quickly as we can.\u201d Also, earlier this month she said it would be \u201cpremature\u201d to talk about whether the regulator will change or withdraw a recent proposal to amend Regulation D to improve requirement for companies wanting a more relaxed general solicitation arena. <\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/regulatory-reform-delay-or-des\/\"  title=\"Continue Reading Regulatory Reform: Delay or Destruction?\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>10 Democrats in the US Senate are calling on the Obama Administration to delay a proposal by the Department of Labor involving retirement plan-related investment advice until after the SEC makes a decision over whether to put out its own proposal about retail investment advice. The Commission is looking at whether it should propose a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3960,3781,4026,3761],"tags":[],"class_list":["post-5480","post","type-post","status-publish","format-standard","hentry","category-doddfrank-wall-street-reform-a","category-investment-advisers","category-jobs-act","category-securities-and-exchange-commis"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Regulatory Reform: Delay or Destruction? &#8212; Investor Lawyers Blog &#8212; August 26, 2013<\/title>\n<meta name=\"description\" content=\"10 Democrats in the US Senate are calling on the Obama Administration to delay a proposal by the Department of Labor involving retirement plan-related &#8212; August 26, 2013\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/regulatory-reform-delay-or-des\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Regulatory Reform: Delay or Destruction? &#8212; Investor Lawyers Blog &#8212; August 26, 2013\" \/>\n<meta name=\"twitter:description\" content=\"10 Democrats in the US Senate are calling on the Obama Administration to delay a proposal by the Department of Labor involving retirement plan-related &#8212; August 26, 2013\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Regulatory Reform: Delay or Destruction? &#8212; Investor Lawyers Blog &#8212; August 26, 2013","description":"10 Democrats in the US Senate are calling on the Obama Administration to delay a proposal by the Department of Labor involving retirement plan-related &#8212; August 26, 2013","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/regulatory-reform-delay-or-des\/","twitter_card":"summary_large_image","twitter_title":"Regulatory Reform: Delay or Destruction? 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