A Chat With CFP Board CEO Kevin Keller: Fiduciary, SRO and His Priorities
Providing the SEC with the resources it needs “is the best solution" to the advisor exam problem, says Kevin Keller, but finding a way to ensure advisors face more exam scrutiny—through an SRO or user fees paid to the SEC—will be a “long-term issue.”
CFP Board Seeks Comments on Sanction Guidelines
The Certified Financial Planner Board of Standards announced Tuesday that it was seeking comments on its proposed sanction guidelines.
Advisor SRO Would Cost Twice as Much as Funding SEC Exams
The report, conducted by BCG and funded by advisor groups and TD Ameritrade, was released before a House panel vote on a spending bill that included a $136 million increase for SEC funding.
Barney Frank Tells AdvisorOne: No to Bachus’ SRO
A couple of days after announcing that he won’t seek re-election in 2012, Rep. Barney Frank, ranking member on the House Financial Services Committee, told AdvisorOne on Thursday that he “doesn’t like” his committee chairman’s bill calling for an SRO for advisors.
Draft Bill Calling for SRO for Advisors Introduced in House
The House Financial Services Committee on Thursday released a draft bill that would establish one or more self-regulatory organizations (SRO) to oversee investment advisors.
CFP Board Proposes Changes to ‘Experience Requirement,’ Disciplinary Rules
The CFP Board is seeking comments on proposed amendments to its “experience requirement” for initial CFP certification as well as revisions to its Disciplinary Rules and Procedures.