Obama Signs Student Aid Bill of Rights
Obama's student loan directive would create a new complaint system for student borrowers and ease loan repayment.
SEC Mulls Adding SMA Info to Form ADV
The regulator may also be considering asking about leverage, securities lending and other factors to better gauge risk, IAA says.
DOL Has Worked ‘Very Closely’ With SEC on Fiduciary Plan: Perez
The Labor secretary told CNBC that DOL wants to create a "level playing field" for advisors that are already putting their clients' interests first.
Second Round of Cyber Exams Coming in Summer: SEC’s Jarcho
SEC will also resume exams of alternative mutual funds, looking at 30 to 40 funds across 25 to 30 sponsors.
GOP Reps Demand Proof DOL Didn’t Go It Alone on Fiduciary
Lawmakers tell Secretary Perez to hand over SEC correspondence, but advocates say Congress’ efforts to stall the fiduciary redraft are futile.
Advisor Exam Changes Afoot: IAA’s Chief Lobbyist
IAA's Neil Simon says exam changes are coming for the same reason the DOL fiduciary rule won't languish at OMB: the political pressure is on.
New FINRA Rule to Have ‘Detrimental Impact’ on Arb Process: Sutherland
The rule, just approved by the SEC, could cause a shortage of public arbitrators, a lawyer says.
GOP Lawmakers: DOL Should Wait Its Turn on Fiduciary
SEC, not DOL, is the agency responsible for writing fiduciary rules for broker-dealers, the Senate and House appropriations chairmen tell the White House.
U.S. Chamber of Commerce Vows to Use ‘Every Tool’ Against DOL Fiduciary Plan
Meanwhile, ex-EBSA chief Brad Campbell hopes the plan won't block investors from receiving IRA rollover advice.
SEC Gives First Whistleblower Award to Former Company Officer
The ex-officer was eligible for the award because the compliance department failed to address company fraud.