Without Fiduciary Rule Collaboration, Cost-Benefit Analysis ‘Worthless’
Comments have been flooding into the Securities and Exchange Commission regarding the agency’s March 1 request for input on the costs and benefits of putting brokers under a fiduciary mandate.
SEC Comings and Goings: Canellos, Ceresney Named Co-Heads of Enforcement
SEC Chairwoman Mary Jo White has named her former colleague Andrew Ceresney and acting enforcement director George Canellos co-directors of the enforcement division.
Rep. Waters Reintroduces SEC User Fees Bill
Rep. Maxine Waters, D-Calif., on Friday made another go at allowing the SEC to collect user fees to fund advisor exams.
SEC, DOL Must Collaborate on ‘Overlapping’ IRA Fiduciary Standards: Attorney Mason
The failure of the SEC and DOL to collaborate on their “overlapping” fiduciary rules on IRA advice will render the SEC’s current cost-benefit analysis worthless, says Kent Mason of Davis & Harman.
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.
What I Learned at Our Compliance Conference, Pt. 2: What SEC Examiners Are Pursuing
What are the SEC's priorities in examining investment advisors? A look at OCIE's priorities, and at what may be the most underreported development in advisor exams.
The IAA Compliance Conference, Pt. 1: What to Expect From Your Friends in DC
At the Investment Adviser Association’s annual compliance conference, a look at the significant legislative, regulatory and policy developments now being pursued and what’s coming next, especially from the SEC.
SEC Budget Faces $108M Cut Under Sequester; House GOP Blasts SEC’s ‘Misplaced Priorities’
Republicans on the House Financial Services Committee criticized the agency Tuesday for “repeatedly failing to fulfill any part of its mission.”
Ketchum’s Big SRO Omission
Richard Ketchum, CEO of FINRA, omitted a crucial detail in a recent interview he gave.
FINRA Shifts SRO Fight to Senate, as House Effort Falters
With the House unlikely to pursue an SRO bill this year, FINRA has set its sights on the Senate to push a bill that would give FINRA the authority to become the SRO for advisors.