DC Update on SEC User Fees, an SRO and Third-Party Exams
It will be difficult to enact any legislation in this Congress, but I predict that the RIA user fee bill will gain co-sponsors, including Republicans.
Ken Fisher’s Backhanded Call to Arms
Ken Fisher's provocative statements about RIAs' demise in 10 years should be a wake-up call to all RIAs to make their voices heard in Washington.
What I Learned at Our Compliance Conference, Pt. 2: What SEC Examiners Are Pursuing
What are the SEC's priorities in examining investment advisors? A look at OCIE's priorities, and at what may be the most underreported development in advisor exams.
The IAA Compliance Conference, Pt. 1: What to Expect From Your Friends in DC
At the Investment Adviser Association’s annual compliance conference, a look at the significant legislative, regulatory and policy developments now being pursued and what’s coming next, especially from the SEC.
The Morning After…
Now that the election is over, how can we move the ball forward—for your businesses and your clients—during the coming months and weeks?
How the Election Will Shape Regulatory Policies for Advisors
The president appoints the people who will make the most important decisions on regulatory policy that affect your profession. First up on our list of potential changes: Treasury.
It’s Not Too Late to Make Your Voice Heard on SRO Bill
If you’re not in favor of having FINRA become the SRO for RIAs, join the advisor grass-roots effort to advocate with Congress against Bachus bill.
Some Questions—and Answers—on the Spencer Bachus SRO Bill
Some of the answers: FINRA is the only viable option that has been identified as an SRO and, as Mercer Bullard commented, "the bill would impose a tax on small advisory businesses...and mainstream investors they represent."
Likely on Its Way: Greater Compliance Burden for Advisors
A little historical perspective on investment advisor registration: past is prologue.
The Costs of FINRA Oversight of RIAs: Running the SRO Numbers
At last, credible information on the costs of having an SRO—or not—to oversee advisors, and what each scenario would cost RIAs in dollars and cents.