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U.S. Legal News Headlines

U.S. Labor Dept's fiduciary rule slammed by SEC commissioner

A Republican regulator at the U.S. Securities and Exchange Commission urged the Labor Department on Tuesday to scrap its fiduciary rule, which aims to reduce conflicts of interest when brokers offer retirement advice, saying it was misguided.

'Pharma bro' Martin Shkreli's securities fraud trial winds down

U.S. prosecutors questioned their last witness in the securities fraud trial of Martin Shkreli on Tuesday, while the former drug company executive's lawyers said they do not expect to call any witnesses of their own, setting the stage for closing arguments later this week.

U.S. House votes to kill consumer lawsuit rule

The U.S. House of Representatives on Tuesday voted overwhelmingly to erase a new rule that lets bank and credit-card customers band together in lawsuits, as the agency that drafted the measure, the Consumer Financial Protection Bureau, moves closer to the center stage of congressional politics.

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Senate advances on healthcare, with dramatic return by McCain

WASHINGTON U.S. Senate Republicans narrowly agreed on Tuesday to open debate on a bill to end Obamacare, but the party's seven-year effort to roll back Democratic President Barack Obama's signature healthcare law still faces significant hurdles. | Video