The high-yield default account sparked kudos then displeasure on Twitter when adviser Michael Kitces realized it doesn't apply to existing clients.
Private placement firm's latest hurdle stems from the lack of financial reporting.
Losses in the Dow surpassed 700 points Monday.
Provision would pay for other aspects of retirement-savings bill.
Court also orders Hector May to pay $8.4 million in restitution.
Don Marron and the $11.8 billion RIA ride the wave of private-equity ownership.
Former adviser found guilty of 17 federal charges, gets maximum sentence.
Organization says it will no longer rely on self-reporting of disciplinary backgrounds and is creating a task force to reform its enforcement practices.
While the measure was praised by people in the retirement-savings sector, its release spurred a renewed push for passage of the SECURE Act.
Auto dealership owner who sold a majority stake to the firm said it is running a Ponzi-like scheme.