Former SEC Chief Walter Named FINRA Public Governor
FINRA announced Thursday that former SEC Chairwoman Elisse Walter has been elected to FINRA’s Board as public governor.
Changes Afoot in Washington Well Ahead of Midterm Elections
"It’s virtually certain that Republicans will retain control of the House — and now are within striking distance of taking the Senate,” says strategist Valliere.
Harold and Fiduciary
We knew Harold Evensky has been a proponent of the fiduciary standard for advice givers for some time and that he was a leading light of the Institute for the Fiduciary Standard. So we asked the Institute’s co-founder, Knut Rostad, to comment on Evensky’s contributions.—Ed.
FINRA Creates Investor Issues Committee
The committee will advise senior FINRA staffers on proposed rulemaking and policy initiatives. Barbara Roper is one member.
DOL Pressing Forward on Fiduciary
According to the Semiannual Regulatory Agenda for the Department of Labor’s Employee Benefits Security Administration, a reproposal to amend the definition of fiduciary under the Employee Retirement Income Security Act (ERISA) will come in October.
SEC Names Choi, Aronow to Key Posts
Choi will be "a vital asset" in the IM Moving Ahead improvement project, while Aronow fills a key spot as "international regulatory arena continues to grow," says SEC Chairwoman Mary Jo White.
SEC Swears In 2 Commissioners; FINRA Names New Governors
Kara Stein and Michael Piwowar, both former congressional staffers, are new SEC commissioners, replacing Elisse Walter and Troy Paredes.
SEC Pressured by Pols in IRS-Like Controversy: WSJ
The paper claims in an editorial that the agency under Mary Schapiro targeted firms for their political support.
Senate Confirms Stein, Piwowar as SEC Commissioners
The new SEC commissioners replace Elisse Walter and Troy Paredes.
Fiduciary Stumbling Blocks Surface
Several potential stumbling blocks have surfaced in the past couple of months that could stymie—or outright derail—release of fiduciary rules by the SEC and DOL.