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One issue is even if there are no abuses the industry cannot handle having a best interest standard applied to these recommendations. Thats what the dol is doing. Its almost the standard that is applied to broker dealers under the suitability standard. The recommendation must be consistent and you look under the hood and it turns out these are some of the worst violations that you can find. In one case the court said this was egregious misconduct. These are cases if many if not most broker deals. The unsuitable recommendations are accompanied by other Violations Including failure to supervise,...

The foreign secretary says the uk does not accept the result of the election. New zealands general election is postponed because of a fresh outbreak of covid 19. Millions of self employed workers in the uk can apply for a second round of grants from today to help support their businesses against the effects of coronavirus. Hello, and welcome. If youre watching in the uk or around the world, stay with us for the latest news and analysis from here and across the globe. Pressure is growing on the government over exam grades as new analysis suggests a level results awarded to students in sixth for...

Welcome everybody to todays hybrid hearing. Pursuant to house rules some members and witnesses will appear in person and others will appear by zoom. I know you are familiar with zoom by now. Let me remind everyone of a few points. First, the house rules require that we see you. Please have your cameras turned on at all times. Second, members appearing remotely who are not recognized should remain muted to minimize background noise and feedback. Third, i will recognize members verbally, members retain the right to seek recognition verbally. In regular order members will be recognized in crd for...

Good morning everybody, welcome everybody to todays hybrid hearing. Pursuant to house rules some members and witnesses will appear in person and others will appear by zoom. I know you are familiar with zoom by now. Let me remind everyone of a few points. First, the house rules require that we see you. Please have your cameras turned on at all times. Second, members appearing remotely who are not recognized should remain muted to minimize background noise and feedback. Third, i will recognize member verbally, members retain the right to seek recognition verbally. In regular order members will b...

Republican members blame the Biden Administration democratic policies for inflationary prices. [background noises] [background noises] good morning everybody paid welcome everybody to todays hybrid hring pursuant to house rules some members of witnesses will appear in persons and other will appear by zoom. I know you are all familiar with zoom by now. But let me remind everyone of just a few points. First, the house rules require that we see you, so please have your camera is turned on at all times. Second, members appearing remotely who are not recognized should remain muted to minimize backg...