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With the rescue attempt's failure, all eyes now turn to the SEC which is considering its own proposal for raising financial advisor standards of conduct.
May 4 -
Focus turns to the SEC as it considers creating its own higher standard of client care.
March 15 -
The regulation's enforcement provisions will not take effect until July 1, 2019, the Labor Department said.
November 27 -
The department's proposal furthers efforts to undo the controversial regulation.
November 2 -
Moves by Nevada and others threaten to create compliance confusion.
September 21 -
The Office of Management and Budget concluded its review of the proposal, a key step in the administrative process, which puts a freeze on further implementing the regulation.
August 30 -
The legislation ― called the Financial Choice Act ― has little chance of passing the Senate in its current form.
June 9 -
There is "no principled legal basis" to do so, Labor Secretary Acosta says.
May 23 -
The Labor Department will now conduct a review with an eye toward amending or rescinding it.
April 4 -
With an eye toward potential repeal, Alexander Acosta told senators that he will abide by President Trump's executive memorandum and review the rule's impact.
March 23