SEC Halts Senior Assisted Living Muni Scam
A South Carolina businessman was charged in fraudulent bond offerings for senior care facilities in Georgia and Alabama.
Trump Pledges to Cut Regulations by 75%, Will Face Hiccups in Congress
Trump can "undermine" Dodd-Frank through "more lenient regulation and enforcement," Andy Friedman notes.
Trump Order to Delay DOL Fiduciary Rule Said to Be Coming Soon
“People are confident a delay for at least a year is imminent, but not guaranteed,” an industry source said.
FINRA Mulls Changing Its Rulemaking Process
FINRA plans to ask BDs about what changes need to be made to its engagement and transparency policies — including how it crafts rules.
Sen. Warren Questions Firms on Their DOL Fiduciary Prep Ahead of Possible Delay
Meanwhile, a Consumer Federation of America report scrutinizes how brokerages and insurers market their salespeople as "advisors" while fighting the rule.
SEC Chair White Says Goodbye ... for Now
As she leaves office, Mary Jo White tells ThinkAdvisor what her SEC has accomplished and why her successor should keep the “broken windows” approach.
Trump Advisor Scaramucci Sells SkyBridge Capital
Anthony Scaramucci will step down immediately from his role as co-managing partner and will no longer be affiliated with SkyBridge.
DOL Quickly Releases Another Batch of Fiduciary FAQs
The new guidance for advisors includes some “pleasant surprises” and one “disappointment,” lawyer Fred Reish says.
DOL Releases Fiduciary Rule FAQ for Investors, Workers
EBSA’s Phyllis Borzi says the second batch of FAQs are “meant especially for workers and retirement investors.”
House Passes Bill to Rein In SEC Rules, ‘Drain the Swamp’
Bill, sponsored by Rep. Ann Wagner, also requires the agency to review existing regulations every five years.