SEC’s New Investor Advocate Says He Has Broad Authority
A "big part" of the job will involve policy, said advocate Rick Fleming. Meanwhile, an investor advisory subcommittee proposed SEC crowdfunding guidelines.
SEC to Seek More Input on Target-Date Fund Marketing Rules
SEC Chairwoman White addresses target-date fund proposal, predispute arbitration agreements and fiduciary rulemaking at CFA event.
BDs Blast FINRA’s CARDS Plan on Privacy Risk
FSI and other broker-dealer trade groups say FINRA's plan to collect vast amounts of account data comes with "serious privacy" concerns and significant costs.
Despite Recovery, Americans Still Struggle to Save
Americans are struggling to rebuild their savings after the recession, according to the Consumer Federation of America.
SEC Chief: Rule Priorities in ’14 Include Money Market Funds, Crowdfunding
Fiduciary rule fails to make the list, but SEC Chief White talks up a new exam tool that can analyze millions of transactions a day.
More Advisor Exams? Not Under This SEC Budget, Advocates Say
CFP Board, CFA and others say the SEC's pledge to examine more advisors will be tough to fulfill with only a $29 million increase.
DOL Seen as First Mover on Fiduciary
The SEC will let the DOL move first in releasing its fiduciary redraft, which the DOL said won’t come until August, two industry officials predicted.
FINRA Creates Investor Issues Committee
The committee will advise senior FINRA staffers on proposed rulemaking and policy initiatives. Barbara Roper is one member.
The State of Fiduciary After 1,640 Days: Time for a Reset?
Fiduciaries need to apply our risk analysis skills to what could be the most important regulatory action in decades: the SEC's fiduciary rulemaking.
SEC’s Aguilar Laments Slow Adoption of Reg D Protections
"Investors face greater harm" every day the SEC fails to adopt these proposals, Commissioner Luis Aguilar said.