Afraid the ads would scare away their viewers, Hecox and Padilla at first secretly turned off the ad function, so even though they were attracting millions of viewers, none of the hits was counting toward their ad revenue.
The financial services industry is none too happy, saying that questions asked by the DOL indicate it's leaning toward final rules that would place onerous restrictions on in-house investment advice, gutting the intent of the 2006 law.