Investment brokers advising retail customers would face a standard requiring them to recommend products in the best interest of clients under a proposal from a U.S. Securities and Exchange Commission advisory panel.
Hedge funds betting against shares of World Acceptance Corp. have been pressing the U.S. Consumer Financial Protection Bureau to investigate the installment-loan firm, according to people briefed on the discussions.
California’s push for automakers to sell non-polluting cars and trucks is broadening as New York, Massachusetts, Oregon and four other states join in an effort to get 3.3 million “zero-emission” vehicles on the road.
Food-safety advocates are raising alarms over a decision by the Obama administration to permit chicken processed in China to be sold in the U.S. even after several high-profile incidents of food contamination.
The U.S. is falling short of goals to reduce salmonella, listeria and campylobacter outbreaks, foodborne pathogens that contribute to 48 million illnesses a year, according to preliminary government data for 2011.
Three out of four U.S. investors mistakenly think that financial advisers at brokerage firms are required to put clients’ interests first, said a survey by several consumer and financial planning organizations.