SEC’s Rominger Replaced by Champ, a Former Hedge Fund Counsel
Norm Champ, who's been with the SEC since 2010, brings his understanding of financial chicanery to bear on investment funds and advisors.
SEC’s Rominger, Director of Investment Management, to Retire in July
“Eileen understood the importance of a fair and efficient investment management industry to the well-being of investors everywhere. Her practical insights and steady leadership served investors well,” said SEC Chairwoman Mary Schapiro.
Worst-Case Scenario Is Diluted Fiduciary Standard: TD’s Nally
At NAPFA National, the new head of TDAI made the case for RIAs, younger advisors and female clients, but fretted about Dodd-Frank implementation, and urged advisors to “focus on running a business.”
SEC Names Blizzard to Head Investment Advisor Regulation
The SEC has named Diane Blizzard associate director for regulatory policy and investment adviser regulation in the Division of Investment Management, replacing Robert Plaze.
‘Target’ of Target-Date Funds Confuses Investors, SEC Finds
Results of a study just released by the SEC assessing investors’ understanding of TDFs and advertisements related to those funds confirm that they have a number of misconceptions.
SEC, Industry Experts Issue Stern Warnings to CCOs
Chief compliance officers received a number of stern warnings on Thursday during the Investment Adviser Association’s annual compliance conference just outside Washington.
Where Are We Headed?
The ultimate compliance goal is to help ensure that everyone associated with an advisory firm acts ethically at all times. Advisors and RIAs should do the right thing, even when regulators are not looking over their shoulders.
SEC's Rominger: Agency Using 'Investor Testing' in Target Date Rulemaking Process
The SEC is conducting 'investor testing' as part of its rulemaking efforts on target date funds, to help the agency assess 'the types of information that investors believe are most useful when they choose their investments,' Eileen Rominger, director of the SEC’s Division of Investment Management, said Tuesday.
RIAs Prepare for Lower Risk Tolerance Among Clients
RIAs believe market volatility in the past 12 months has made clients more risk averse, according to an Invesco market research study released Wednesday.
SEC Sees No Way to Adequately Examine Advisors, Senators Told
Carlo di Florio, director of the SEC's Office of Compliance Inspections and Examinations, said the agency “will not have sufficient capacity in the near or long term to conduct effective examinations of registered investment advisors with adequate frequency.”