An SEC Broker Fiduciary Standard May Undermine the ’40 Act
In my March 25 blog on ThinkAdvisor.com, “Will She or Won't She? Mary Jo White and the Broker Fiduciary Standard,” I voiced some concerns about SEC Chairwoman White's recent remarks at SIFMA's Legal and Compliance Seminar in Phoenix pertaining to the SEC's plans to move forward with a fiduciary standard...
SEC’s Ability to Deliver True Fiduciary Standard in Doubt: Report
Institute for the Fiduciary Standard says the SEC believes "conflicts are routine and acceptable — not inherently inconsistent with providing objective advice.”
SEC's Blass to Become ICI's General Counsel
David Blass, chief counsel and associate director of the SEC's Division of Trading and Markets, will become the ICI's general counsel in September.
‘New Round’ of Fiduciary Feedback May Be Needed: SEC Markets Chief
Development of a list of fiduciary rulemaking possibilities "is still in process,” SEC's Stephen Luparello said.
Fiduciary Will Stay on SEC Agenda ‘Until It’s Solved’
But “being on the agenda and getting it done are two different things,” says SEC’s trading and markets director, Steve Luparello.
SEC Weighs Requiring Brokers to Tell Where Trades Are Sent
The proposal is intended to address complaints that trade routing decisions sometimes are not in clients’ best interests.
SEC, FINRA to Hold Joint Regional BD Compliance Seminars
Registration is open now for programs to be held in April and June.
SEC Clarifies CCOs’ Liability on Supervision
Division of Trading and Markets just released Q&A guidance regarding broker-dealer compliance officers’ liability for failure to supervise.
Bond Investors Must Prepare for Rate Spike: SEC’s Walter
At the FINRA conference, the former SEC chairwoman said that she continues to be “disturbed” by how the SEC has “ignored” the fixed-income market.
Is 2013 the Year of Actively Managed ETFs?
PIMCO star manager Bill Gross’ bond ETF went from zero to nearly $4 billion in AUM in a matter of months. Will a recent regulatory change add to his competitors?