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Throughout every year, financial advisors win awards and are ranked against one another, mainly by media organizations.

Speaker Nancy Pelosi and Senate Democrat Leader Chuck Schumer have slammed the new GOP coronavirus bill, saying that it is "headed nowhere." According to reports, the as-yet-unveiled bill will not include a provision for the second round of stimulus checks, which many have expressed disapproval over. In a joint statement shared by The Hill, Pelosi and Schumer said, "Senate Republicans appear dead-set on another bill which doesn't come close to addressing the problems and is headed nowhere."

Americans are still waiting to see if a second stimulus check package will be approved, but there is reportedly a legal, but "phony issue" that is holding up further stimulus bill negotiations. Republican lawmakers are demanding that the next bill include the Safeguarding America's Frontline Employees To Offer Work Opportunities Required to Kickstart the Economy law, also referred to as the Safe to Work Act, per Yahoo. This would give businesses and schools federal immunity from coronavirus-related lawsuits.

MCCONNELL, CORNYN RECEIVED MORE THAN $1.2 MILLION FROM BUSINESS GROUPS LOBBYING FOR IMMUNITY: Business groups pushing for corporate immunity have given more than $1.2 million to the two U.S. Senate Republicans leading the charge to include immunity in any pandemic response legislation. According to a review of Federal Election Commission data by The American Independent, since 2016, U.S. Sen. John Cornyn (R-Texas), who authored the proposal, has received more than $430,000 from the political action committees of trade associations pushing for immunity. U.S. Senate Majority Leader Mitch McConnell (R-Ky.) has received more than $825,000.

Recently, with the support of Senate Majority Leader Mitch McConnell (R-Ky.) and the White House, Sen. John Cornyn (R-Texas) introduced legislation designed to immunize business entities against liability when their operations transmit coronavirus to customers and employees. Although the legislation does create a federal cause of action, it simultaneously erects so many procedural hurdles that the victims of negligent and irresponsible operations will never be able to hold businesses to account for the harms their operations cause.

Benjamin Edwards, associate professor of law at the University of Nevada, Las Vegas, joins the Business Scholarship Podcast to discuss his forthcoming article Adversarial Failure. In this article, Edwards examines the expungement process used by brokers to secure removal of customer complaints from their public records. He questions whether this process is sufficiently adversarial to protect the interests of the investing public and state regulators and offers recommendations for reform.

The next time you shop around for financial advice, more investment professionals will be able to assure you that they’re acting in your “best interest.” But what’s really in your best interest is understanding precisely what that means.

Benjamin Edwards, a professor at William S. Boyd School of Law at University of Nevada in Las Vegas, discusses additional rewards necessary for an effective consumer protection in the payday lending industry.