By Lisa Lambert WASHINGTON (Reuters) - Senator Elizabeth Warren, a Massachusetts Democrat who advocates for strong financial regulation, asked U.S. securities regulators on Thursday to investigate comments made by major insurance companies about a forthcoming federal rule on retirement advice. Last month, Warren criticized Lincoln National, Jackson National Life Insurance Company, Prudential Financial and Transamerica, a unit of Aegon NV , for publicly stating that the rule requiring retirement advisers to put their clients' interests ahead of their own would hurt business while privately telling investors it would not create a major hurdle. On Thursday, she went one step further and requested the Securities and Exchange Commission to formally look into whether the statements were contradictory and ran afoul of securities laws. "Both sets of industry claims - that the proposed rule will harm them and their business model, and that the proposed rule will not harm them and their business model - cannot possibly be true. And if one these public statements is materially false, it would appear to violate long-standing interpretations of our securities laws," she wrote to SEC Chair Mary Jo White. The White House will soon publicly release the latest version of the rule, drafted by the Labor Department. The 2010 Dodd-Frank Wall Street Reform law called for holding brokers who give retirement advice to a strong fiduciary standard, meaning they must act in their clients' best interest, as a way to protect retirees from buying unnecessary products that line brokers' pockets. The Labor Department had to withdraw its initial version of the rule in 2011 after complaints from members of both political parties and the financial services industry. Warren says that financial and insurance companies have warned in public that the proposed rule could drive up costs and stop them from offering retirement services such as annuities to middle- and lower-income people. But in earnings calls they have reassured investors that they will come up with new products or approaches that will minimize threats to their businesses. Responding to Warren's critique last month, most of the insurers said their public warnings did not contradict reassurances to investors that they could withstand regulatory changes. They said their companies could navigate potential disruptions but they were still concerned about the consequences for consumers seeking retirement advice. (Reporting by Lisa Lambert; Editing by Simon Cameron-Moore)
- Fox News
Meghan Markle was labeled the "difficult" duchess by former staffers. Royal expert Neil Sean explains what's next for Markle and Prince Harry after the bombshell claims were made.
In Katie Nicholl's upcoming book "The New Royals," she writes that Queen Elizabeth intervened when Meghan Markle clashed with a royal staffer.
- Ukrayinska Pravda
Russian offensive in Donetsk Oblast to go down in history as example of killing own soldiers Zelenskyy
ALONA MAZURENKO - MONDAY, 26 SEPTEMBER 2022, 23:50 President Volodymyr Zelenskyy of Ukraine has said that the actions of the Russian army in Donetsk Oblast are prime examples of the most cynical murders of their own soldiers, and that the mobilisation in the Russian Federation was mainly a way to gain new cannon fodder.
Shania Twain is 57 years old and feeling fabulous — so fabulous that she decided to celebrate her latest music video, “Waking Up Dreaming,” with a few topless snapshots. It’s her way of letting fans know she loves this season in her life. The beautiful thing about Twain’s gorgeous new photos, with her shiny white […]
- Fox News
Prince Harry was 'obsessed' with Archie's private birth, Meghan thought ordeal was 'barbaric': royal expert
Prince Harry was "obsessed" with keeping his first child's birth a secret from the media and public. Archie was born to the Duke and Duchess of Sussex in May 2019.
- The Daily Beast
Hannah McKay - WPA Pool/Getty ImagesPrince Harry was so unhappy with his life as a working royal that Meghan’s work in helping him find an escape route should be recognized, a source has said.In his new book, Courtiers: The Hidden Power Behind the Crown, which is being serialized by The Times of London, Valentine Low cites “a surprising source—someone who knows Harry well but remains upset about what Harry and Meghan did”—as saying: “There is a part of me that thinks Meghan did Harry the greates
Trump has called several GOP donors who contributed money to Ron DeSantis asking them to stop boosting the Florida governor: report
Former President Trump has tracked appearances made by DeSantis, while also monitoring the governor's poll numbers, per The Washington Post.
- Women's Health
Bella Hadid has been making the most of the quarantine sunshine, and posted a series of revealing bikini pics, showing her underboob on Instagram to prove it.
Critics of GOP Senate nominee Mehmet Oz say this attempted slam only makes his Democratic rival seem cooler.
A Bay Area woman, returning from a technology conference in Florida, was allegedly assaulted on board an airplane by another passenger using his seatback.
A former palace insider said Meghan Markle believed she would be 'the Beyoncé of the UK,' new book claims
The claim was made by a former palace insider in Valentine Low's upcoming book, "Courtiers: The Hidden Power Behind the Crown."
Designers big and small embraced the trend probably as a reaction to looming uncertainty.
Kate Middleton Will Receive the Majority of Queen Elizabeth’s Jewelry Collection—But There’s a Catch
The royal family has been sorting through Queen Elizabeth’s affairs ever since she passed away at age 96. They already confirmed that her corgis have found a new home, but the world is wondering what will happen to Her Majesty’s jewelry collection. Tim Graham Picture Library/Getty Images Kate Middleton will reportedly receive the “lion’s share” of Queen Elizabeth’s accessories. However, King Charles’s wife Camilla Parker Bowles (aka the Queen Consort) will get to pick first. Max Mumby/Indigo/Get
- Ukrayinska Pravda
STANISLAV POHORILOV - TUESDAY, 27 SEPTEMBER 2022, 11:54 Dmitry Medvedev, Deputy Chairman of the Russian Security Council believes that Russia can launch a nuclear strike on Ukraine with impunity, since NATO countries will not take retaliatory steps, worrying about their own security.
Week two saw Sarah Michelle Gellar tearfully cheering on her best friend Selma Blair, Teresa Giudice dedicating her dance to her late father and one couple's chemistry raising eyebrows
Adults Are Sharing The Now-Discontinued Foods From Childhood They Would Give Anything To Eat Again, And I Haven't Thought About Ritz Bitz S'mores In Sooo Long
"One of my earliest memories is when I was five years old, sharing one of these with my childhood best friend. I would do anything to find them again now."View Entire Post ›
The Tampa Bay Buccaneers quarterback made a massive mistake in the closing seconds against Green Bay.
- The Daily Beast
Photo Illustration by Thomas Levinson/The Daily Beast/GettyFormer President Donald Trump has learned time and again that the best way to kill legal action is to first delay it. And while Trump’s “special master” gambit initially showed promise in that regard, the tactic may have actually backfired and put him on a fast-track collision course with the federal government he once led.Two separate court decisions last week have empowered the FBI to move swiftly in its investigation against Trump for
- The Daily Beast
Chris Jackson/Getty ImagesWelcome to this week’s edition of Royalist, The Daily Beast’s newsletter for all things royal and Royal Family. Subscribe here to get it in your inbox every Sunday.Meghan, the “narcissistic sociopath”Things got so bad between Prince Harry, Meghan Markle and their royal staff that they called her a “narcissistic sociopath.” They also reportedly said on repeated occasions: “We were played.”The fresh revelations are contained in the second extract from the London Times roy
FOX 13 Chief Meteorologist Paul Dellegatto says the models are starting to come to agreement, with FOX Weather's model showing Tropical Storm Ian becoming a major hurricane before making landfall near Tampa Bay.