SEC Mulls Including Advisors as ‘Accredited’ Investors
"Professional certifications ... are among the possible supplemental or alternative criteria for qualifying as an accredited investor," says SEC Chief White.
Beware a Fiduciary ‘Wild West’: ASPPA Chief
ASPPA CEO Brian Graff lays out two hot issues to watch: DOL's coming fiduciary proposal and the growing specter of state-run retirement plans.
Asset Managers as SIFIs? No Way, Trade Groups Say
SIFMA and the IAA called on the Treasury to withdraw its report on asset managers' systemic importance, calling it biased and inaccurate.
How the SEC Plans to Be ‘Everywhere’
Despite limited resources, the agency is leveraging its strengths to zero in on advisors’ smallest infractions.
Number of RIAs Jumps Slightly Despite Registration Switch
IAA and NRS report finds that the total RIA count rose slightly from last July despite the switch to state registration.
Harmonization Headache: Thornier Than Fiduciary?
The debate over the outcome of the SEC's fiduciary rule is bringing to light what could turn out to be an even more contentious issue: whether such a rule will include harmonizing advisor and broker rules.
Industry Groups Fear Wagner Bill Will Stop SEC, DOL Fiduciary Rules in Their Tracks
The bill, which passed the House Financial Services Committee on Wednesday, was unlikely to be made into law but could have serious implications anyway, the groups said.
Historic Moment as Planner Groups Voice Clear Support for Fiduciary Standard
In a letter to the SEC, the FInancial Planning Coalition and consumer groups make a cogent argument for why the SEC should impose the same standard for all advice givers.
Don’t Flub Fiduciary Rule, Groups Urge SEC
A broad group of organizations fears the SEC is headed toward proposing a watered-down fiduciary rule.
House Measure to Slow Fiduciary Rulemaking Poses Little Threat: Industry Officials
A discussion draft introduced Thursday designed to stymie efforts by the SEC and DOL to craft fiduciary rules will prove to be of little consequence, fi360's Duane Thompson and other experts said.