[Karen37a]

This was a doozy of a fight... I think west coast was commenting on von mise

https://dailyfunder.com/showthread.p...Dodd-Frank-Act

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And here is the actual result article Sept 2018

http://www.investmentnews.com/articl...FREE/180909974

The Department of Labor's fiduciary rule led to "tremendous" losses for brokerage and other investment firms, causing billions of dollars to be shed from their market valuations as investors feared the rule would hurt profitability, according to a new report.
The report examines the stock prices of 36 publicly traded brokerage, mutual fund and life insurance companies, finding they lost a total $14 billion in value as a direct result of the fiduciary rule.


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BICE

June 21, 2018, the U.S. 5th Circuit Court of Appeals officially vacated the rule, effectively killing it. The rule, and the cost and burden of complying with it, was the source of much anxiety among financial advisors. In the original draft, there was a requirement of ongoing disclosure of compensation over the life of a product, no clear limits on liability which would be decided by the plaintiffs’ bar.

Read more: Best-Interest Contract Exemption (BICE) Definition | Investopedia https://www.investopedia.com/terms/b...#ixzz5QQwghRsP



Edit Add*** ...my comments on BICE https://dailyfunder.com/showthread.p...her-industries




*** this Calif bill will most likely go into appeal and then be challenged to be vacated


https://www.natlawreview.com/article...ce-disclosures

Unless industry trade groups can persuade Governor Brown not to sign this poorly drafted bill, many companies offering commercial financing in California will have to choose between challenging the law in court and limiting the financing options they offer in the state. For example, companies may stop offering merchant cash advances and analogous loan products, depriving California merchants of the ability to align their financing obligations with their cash flow. This surely is not the result intended by the bill’s sponsors.


( but I said that would be the net result)