Impose a new set of regulations under the employment Retirement Income security act or erisa on a greatly expanded number of people. Under current law, brokers and dealers that provide services to retirement plans are already heavily regulated. They are not, however, automatically consider labor law fiduciaries and therefore they are not subject to the increased liability provided under erisa. Instead, these Service Providers are subject to regulations issued by the securities and Exchange Commission to protect investors from fraud and ensure transparency. Under the new d. O. L. Rule, virtually any broker that provides Investment Advice of any kind to individuals regarding their individual retirement accounts or iras will be considered a pension plan fiduciary subject to Higher Standards and greater liability. As my colleagues have aptly noted, this rule will reduce the availability of Investment Advice for retirees and make the advice that is available more expensive which will have a
Jessica rae south dakota is celebrating its 126th anniversary of statehood. The rushmore state was admitted as the 40th state on november 2nd 1889 by president benjamin harrison. North dakota is also celebrating their 126th as well. They were admitted to the union on the same day. Jessica rae with christmas just on the horizon, one nebraska retail store is increasing jobs in the norfolk area, heres paul hughes with the details. The announced closure of a norfolk retailer will cost the area shortly after multimedia retailer entertainment announced this week norfolk location. Goingoutof business sale through dec. 26. Nebraska 1st district congressman Jeff Fortenberry defended the two year budget deal as a way to bring stability to financing the federal government. Fortenberry, a member of the house budget committee, is the only republican in the nebraska congressional delegation to vote for the deal. He was joined by democrat brad ashford. The Nebraska Department of education has named n
3 expect temperatures in the low 20s for the upstate and mid teens in the mountains on wednesday morning under clear skies. Sunshine will dominate much of the day, with only a few afternoon clouds. Highs will get into the low to mid 40s, which is still colder than normal for this time of year. Thursday will bring mostly cloudy skies, but temperatures will be a bit milder. Highs will actually get over 50 degrees in thth upstate and the mountains will see upper 40s. Rain moves in thursday night. Expect light rain showers for friday morning, then the wet weather afternoon. 3 and wake up with fox carolina. Weve got traffic and weather every ten minutes from five to nine am. Upthanks kendrawe continue tonight 3 developing tonight at ten 3 in Greenville County, one person is recovering after being shot. 3 deputies on scene say the guy was hit in the upper thigh inside a home on old buncombe road investigators were called out to interview a couple of witnesses its unclear if anyone has been c
3 wrap up 3 hold hold were watching this in the Pit Crew Traffic Center. Ice on roadclub view dr pilot rd rd3 you are looking live at 3 3 how would you like to be 450 Million Dollars richer . Richer . And if you play the powerball today youve got the chance to be that rich. 3 fox carolina Ashley Minelli is live for us in greenville to talk about the big drawing 3 clock is ticking to get your ticketsmust be bought by 9 59 3 drawing is only on fox tonight right before the late news at 10 59 4th largest jackpot in powerball history. 6th largest in lotto history rolled 17 times without a winner 2 per ticket 1 in 24. 9 million of winning Powerball Prize prize 3 3 president obama says he has a 10point plan to help keep guns out of the hands of those who shouldnt have them. 3 the president detailed his executive actions on gun control on tuesday. They include expanding background checks and license requirements for gun sales. Providing new funding to treat mental illnessand additional manpowe
Out toward the trivalley in the teens and our temperatures this weekend, livermore, pleasanton and areas south of san jose will be pushing the upper 90s and well talk more of the warmup on the way and coming up in the full forecast in a few minutes. Back to you. Some good news in napa county. Evacuation orders have been lifted and people forced out of their homes because of this weeks big fire are back home tonight. All roads were reopened at noon today. The fire is about 55 contained at this time. It it has burned about 4300 acres since it started on tuesday. Nine homes and buildings were completely de destroyed and many burned to the ground. The cause is will still unknown. Were also following another developing story. The Immigration Crisis continues in Southern California in the small town of murrieta. Dozens of protesters spent this fourth of july awaiting the arrival of more busses carrying undocumented immigrants from central america. Many of them children. Nbc bay areas Damian