More On Legal & Compliancefrom The Advisor's Professional Library
- Recent Changes in the Regulatory Landscape 2011 marked a major shift in the regulatory environment, as the SEC adopted rules for implementing the Dodd-Frank Act. Many changes to Investment Advisers Act were authorized by Title IV of the Dodd-Frank Act.
- Best Practices for Working with Senior Investors Securities examiners deal harshly with RIAs that do not fulfill their fiduciary obligations toward senior investors, as the SEC and state securities regulators view older investors as particularly vulnerable and in need of protection.
Last week began the corporate earnings season, particularly for Wall Street, with JPMorgan Chase reporting record high earnings of $11.3 billion for the year (to listen to Jamie Dimon, et al., discuss the results, click here.
Among the other financial services companies due to report during this holiday-shortened week are:
Congress comes back to work this week with a number of hearings planned in the House. Specifically, Barney Frank's House Financial Services Committee will be holding hearings on executive compensation and housing, while the Senate Health, Education, Labor, and Pensions (HELP) committee holds a hearing on January 20 on the nomination of Joshua Gotbaum as the new director of the Pension Benefit Guaranty Corp (PBGC).
While debate continues on forging a healthcare bill that both Senate and House conferees can agree on, you may want to read this interesting story on why healthcare costs keep rising.
If you're worried about the emergence of China, Pulitzer Prize-winning columnist Tom Friedman has a different take.