SEC Launches Cybersecurity Exams of BDs, Advisors
The SEC says it has launched cybersecurity-related exams of more than 50 registered broker-dealers and RIAs.
Top Cybersecurity Threats for BDs, Advisors
At SEC’s cybersecurity roundtable, officials discussed the biggest risks to BDs and advisors and urged the SEC not to prescribe “rigid” rules.
Advisor Groups ‘Working Hard’ to Get Senate User Fees Bill
Advisor groups lobby for bipartisan Senate bill as House bill languishes and FINRA “remains committed” to gaining oversight of advisors.
SEC Gets 26% Funding Boost Under Obama’s 2015 Budget
Chief White praised the plan, but IAA's David Tittsworth said coming midterm election make the budget “even more irrelevant than in most other years.”
SEC’s White: Fiduciary Rule’s Fate to Be Decided This Year
The agency this year will make “a threshold decision on whether to proceed” with a uniform fiduciary standard, SEC Chairwoman Mary Jo White said.
SEC Starts Exam Sweep of Never-Examined Advisors
Exams will target advisors registered for at least three years, excluding private fund advisors, and focus on areas "most important to protecting investors."
IAA’s Tittsworth to Step Down
Providing a year’s notice will give “ample opportunity for the IAA Board ... to identify my successor,” David Tittsworth said.
Ken Fisher Warns, Industry Responds: What Happens to RIAs in 10 Years?
Ken Fisher is bullish on 2014’s market and economy but decidedly bearish on the future of RIAs.
You Can Leave Your Hat(s) On: Two Fiduciary Standards?
Creating two fiduciary standards would do nothing to reduce the current state of investor confusion; the real losers would be retail investors.
Will the SEC Create Two Kinds of Fiduciaries?
The debate rages on about what Dodd-Frank said the SEC could — or could not — do in writing a fiduciary rule for brokers.