Broker-dealer regulator saw 2.3% decline in investment portfolio.
The move is a big deal for RIAs, experts say, since TIAA was one of only a few insurers to offer fee-only life policies.
House likely to approve measure that effectively kills rule package, but it faces uphill battle in Senate
GPB paid commissions of 9.3%, or $167 million altogether, on the firm's private placements.
One has dropped by 25.4% and the other by 39%, according to the company.
Despite an agency directive to eliminate the word 'fiduciary' in Form CRS, SEC officials say it's OK to use it.
Portion of settlements with financial perpetrators would supply the pool.
Industry push results in chance to air grievances on July 17 and another month to present objections.
The secretary of the commonwealth is proposing a fiduciary standard in response to an SEC investment-advice rule he views as too weak.
Company is offering clients complimentary, two-year membership to an identity theft protection and credit monitoring service.