Legal

While it will take time for government regulations to come from the IRS and the DOL, some changes are already very clear.

The proposed legislation is receiving support from the insurance industry, but consumer advocates and union reps are already voicing concern.

The DOL's fiduciary rules will be released again in October.

The Principal Life Insurance Co. wanted to know: Should revenue-sharing payments it receives for services rendered to an ERISA plan be considered part of the plans assets?

The surprise examination requirement, like any regulation, cannot prevent fraud 100 percent of the time but that it helps deter such misconduct, the SEC says.

The Financial Planning Coalition said it would oppose any efforts to weaken the fiduciary standard.