SEC Ditches Plan for Third-Party Advisor Audits
Also dropped from the agency's regulatory agenda: stress tests for larger advisors and target date fund disclosure updates.
Susan John Named CFP Board Chair-Elect
The former NAPFA board member will start as chair in 2019.
RIAs and Their Assets Continue to Rise: IAA
The trade group's annual Evolution Revolution report provides a snapshot of the RIA industry.
Judge Hammers DOL on Fiduciary Rule’s BICE
“I’m sort of befuddled about why this whole hornet's nest was created,” a judge on the three-judge panel said.
SIPC, FINRA to Offer Simpler BD Filing Process
Starting Sept. 1, firms that currently file annual reports separately with SIPC and FINRA will file just once.
SEC Nabs 4 Former Brokers in Annuity Scam Targeting Federal Workers
Brokers conned federal employees to roll over federal Thrift Savings Plan accounts into higher-fee, variable annuity products.
Rep. Wagner Floats Draft Bill to Replace DOL Fiduciary Rule
While the health care and tax reform debates continue apace in Washington, the ever-present fiduciary discussion also rages on.
Regulation and Robos
Betterment CEO Jon Stein sees robo-advice as remedying an “industry problem — the old way of managing money is broken.”
New Report Suggests Fixes to LTC Financing Challenge
Financing of LTC continues to plague lawmakers as people live longer and the number of dementia cases continues to skyrocket.
Galvin Slams SEC's Piwowar Over Anti-Fiduciary Rule Comments
Galvin is “dismayed that a sitting SEC commissioner would so forcefully join with industry to attack the rule.”