"The U.S. Chamber of Commerce, along with the Securities Industry and Financial Markets Association [SIFMA], are preparing to file a lawsuit ... As many as three other trade groups will likely also join the lawsuit ... The groups are expected to target the primary means of enforcing the heightened retirement-advice standards: a provision that allows investors to file class-action lawsuits when they believe an adviser runs afoul of the new rules. Industry groups say that will open the $14 trillion market up to expensive litigation, and that the administration lacked congressional authority needed to include such a provision in the rule."  MORE >>