Disaster Recovery Plans Part of Fiduciary Duty, SEC Says
The SEC is alerting advisors that it’s part of their fiduciary responsibility to ensure they have proper business continuity and disaster recovery plans in place.
As Hurricane Season Looms, Regulators Push Disaster Recovery Awareness
SEC, FINRA and CFTC issue a joint advisory on disaster recovery best practices.
How Financial Reform Became a Fiasco
Three years after Dodd-Frank’s passage, President Obama and Congress have failed to shepherd sound financial-industry rules, or level with the public.
Senate Panel Okays 33% SEC Budget Hike, Setting Up House Tussle
The Senate Appropriations Committee approves 33% SEC budget increase, or $353 million, setting up a battle with the House, which only seeks a $50 million increase. At stake could be more RIA examiners.
Court Upholds CFTC Commodity Pool Rule; Rejects ICI Appeal
A federal appeals court on Tuesday upheld new CFTC rules that will require many investment companies to register as commodity pools.
Waving the Red Flag on Identity Theft
The SEC and CFTC jointly adopted new red flag regulations for identity theft, which may affect many advisors.
Fed Minutes Show Eagerness to Slow Bond Buys
A majority of Federal Reserve policymakers want to continue extraordinary bond purchases to help boost the economy at least through midyear, according to minutes from the Fed's last meeting released Wednesday.
White Sworn In as SEC Chief; Walter, Paredes Likely Leaving SEC Soon
Interim Chairwoman Elisse Walter will remain at the agency as a commissioner, but it doesn't look like she'll be there for long, David Tittsworth of IAA said.
Top Regulators to Testify on Dodd-Frank Progress
The nation’s top financial regulators will testify before the Senate Banking Committee on Thursday regarding the progress of the Dodd-Frank Act.
Fund Industry Challenges CFTC Registration
The mutual fund industry, with help from some former SEC officials, is fighting back over a rule adopted by the CFTC that will force many funds to register with it.