Opposing a contentious new rule on retirement advice, executives from several insurance companies complained that it created significant headwinds to their business. But when apprising investors of the potential impact, the same companies said they were well positioned to weather the new regulation, the Wall Street Journal reported. These conflicting statements, said Sen. Elizabeth Warren (D., Mass.), weren’t just confusing, but they may have violated securities laws. Warren is set to request that the Securities and Exchange Commission investigate the discrepancies, saying that several securities laws prohibit companies from misleading investors about facts that could affect their business and stock price.
