There's a 25% chance the central bank waits even longer, the firm's economists said.
Pimco joins JPMorgan Chase, State Street and BlackRock in a capital flight from an ESG coalition.
The chairman of the Finance Committee says the policies aid tax avoidance.
The exemption would be granted to salespeople who do not present themselves to clients as advisors, he said.
TC Services pocketed an extra $900,000 from clients by failing to consider lower-cost options, the SEC said.
The firm failed to disclose Dave Portnoy's pay for promoting Van Eck's Social Sentiment ETF, the SEC said.
The agency "has overstepped its authority," Education Committee Chair Bob Good argued.
And how do you make sure you're not on the chopping block?
The enforcement action is part of an ongoing crackdown by the agency against undocumented business communications.
Small firms with 10 or more workers would be required to auto-enroll employees in a plan.
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