In Broker Harmonization Debate, the SEC Is the Real Problem
The current debate over the regulation of brokers and investment advisors has been raging for almost four years now, ever since President Obama signed the Dodd-Frank Act into law back in 2010.
Lawmakers Push Vote on Spending Bill; SEC Funding Boosted
Lawmakers avert shutdown with a deal late Tuesday, but critics call it a “stealth attack on financial reform.”
SEC Pushes to Test Effectiveness of Investor Disclosures
“We should formulate a plan to incorporate thorough investor testing into as many of our projects as possible,” SEC Commissioner Kara Stein said.
‘Faulty’ Analysis Could Torpedo an SEC Fiduciary Rule: Advocates
SEC’s analysis on a fiduciary rule must be “thorough and well-reasoned,” as a “faulty analysis could doom or further delay” prospects for reform.
SEC Taking ‘Deep Dive’ at Accredited Investor Definition
Securities and Exchange Commission Chairwoman Mary Jo White says that the agency will take a “deep dive” into how to revise its decades-old accredited investor definition.
Roper Urges SEC Chief to Move on Fiduciary With Split Vote
Chairwoman Mary Jo White “gives every impression” that a uniform fiduciary rulemaking is “a personal priority for her,” says consumer advocate Barbara Roper.
What's Next for the Fiduciary Standard?
While the industry awaits a decision by the SEC on whether it will move forward with a uniform fiduciary rule for brokers and advisors, fiduciary advocates will engage this month in a debate about the importance of the two fiduciary rulemakings being considered by the SEC and the DOL.
DOL Fiduciary Survey ‘Bogus,’ Advocate Warns Lawmakers
Foes of a revised DOL fiduciary rule are using a survey showing a harmful impact to win senators to their side, an industry official says.
SEC Names Flannery Chief Economist
The SEC said Monday that Mark Flannery will become the agency’s new chief economist and director of its Division of Economic and Risk Analysis.
FINRA Appoints Arbitration Task Force
FINRA appointed a 13-member arbitration task force Thursday to consider possible enhancements to its arbitration forum.