DOL Fiduciary Foes Said to Be Writing Best-Interest Standard Bill
The Department of Labor’s plan to revamp the definition of fiduciary under ERISA is likely to face yet another legislative hurdle.
Talk of FINRA as Advisor SRO Rears Its Head Again
A Republican on the House Financial Services Committee said at FINRA's annual conference that he would "explore" legislation to give FINRA advisor exam authority.
SEC Chief White: Fiduciary Rulemaking Just Getting Started
Any such rule is “still a 'whether' question," SEC chairwoman says, pointing out she is only "one of five votes" on the commission.
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.
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.
Bill to Delay DOL Fiduciary Rulemaking Is Revived
Rep. Ann Wagner, R-Mo., has reintroduced a bill to force the DOL to wait until the SEC makes its own fiduciary rule.
‘New Round’ of Fiduciary Feedback May Be Needed: SEC Markets Chief
Development of a list of fiduciary rulemaking possibilities "is still in process,” SEC's Stephen Luparello said.
Advisors Brace for More Exams in 2014; DOL ‘Game Changer’ on Horizon
Some industry officials question whether the SEC can deliver on its promise to boost the number of advisor exams in the new year.
SIFMA Launches Investor First Initiative; CEO Gregg Says SEC Should Go First on Fiduciary
The “Our Partnership with You” initiative is designed to help investors “get the most” out of their relationship with their advisor.
The Latest, Most Outrageous Attempt to Neuter Dodd-Frank
When you look at its provisions and assumptions, you've got to wonder how SIFMA got Rep. Wagner to get HR 2374 passed by the House.