For Once, Two Certainties in D.C.: New SEC Commissioners, DOL Fiduciary Rule
The New Year — yes, I’m talking about 2016 already — will bring with it two certainties: A final fiduciary rule will be unveiled and new commissioners will arrive at the SEC.
Arthur Levitt: SEC Deadlocked on Fiduciary, Advisors Need DOL Rule
As the Investment Advisers Act turns 75, ex-SEC Chairman Arthur Levitt, CFA’s Barbara Roper and more discuss why the industry needs a strong fiduciary standard.
Motif Investing Gets $40M From Chinese Internet Leader Renren
Joe Chen, Renren founder, and Carl Stern, a former Goldman Sachs and Boston Consulting executive, will both join Motif’s board of directors.
The SEC Is Broken
A decades-old law and the origin of new commissioners stymies consensus building and rulemaking at the Securities and Exchange Commission.
Motif Launches Products to Help Advisors Compete With Robo-Advisors
A “robo-advisor is a robo-allocator, they don’t really give advice," says Motif's Hardeep Walia.
Lessons From Merrill’s First 100 Years From Founder’s Son
As Merrill Lynch approaches its 100th anniversary, Its founder's son, Winthrop Smith, talks to ThinkAdvisor about its heroes and one villain in particular.
Former SEC Chairman Levitt: Mary Jo White a ‘Rock Star’ After SAC Plea
Insider trading is still "pervasive," Arthur Levitt says, and he wouldn’t have Steven Cohen as a client.
In a Watershed Year for Fiduciary Standard, Reviewing the Arguments
At the start of Fiduciary September, a reminder on what’s at stake for advisors and investors. Is it time for a feistier fiduciary standard?
Ex-SEC Chief Schapiro Joins Compliance Firm Promontory
Schapiro joins several other former regulators at the strategy and compliance consultancy, which counts many large banks as its clients.
The Bonus Debate
Much as I believe that investors everywhere would benefit from a level playing field between RIAs and brokers, the disclosure of recruiting bonuses would be over the top.