SEC Fiduciary Rule Unlikely in Dodd-Frank’s Third Year of Life
Advisors, including Harold Evensky, and industry officials are increasingly pessimistic that the year will bring a uniform fiduciary rule. However, the first designation of an asset management firm as systemically important could be coming soon.
SEC Nominees Vote Tabled Due to Lack of Quorum
Meanwhile, the Senate confirmed Richard Cordray as CFPB director.
Harmonization Headache: Thornier Than Fiduciary?
The debate over the outcome of the SEC's fiduciary rule is bringing to light what could turn out to be an even more contentious issue: whether such a rule will include harmonizing advisor and broker rules.
SEC Nominees Support Changing ‘Neither Admit Nor Deny’ Policy
President Obama’s two SEC commissioner nominees voiced their support during their confirmation hearing Thursday for requiring admissions of guilt in some settlements.
Head of SEC’s Municipal Securities, Public Pensions Unit Resigns
The SEC announced Friday that Elaine Greenberg is leaving the SEC after 25 years to join the private sector.
Senate Banking to Hold Confirmation Hearing for New SEC Commissioners
The Senate Banking Committee will hold a confirmation hearing Monday for President Obama’s SEC nominees, Kara Stein and Michael Piwowar.
Getting Your CCO Hat to Fit: Tips for the Smaller RIA
In five somewhat easy steps, how even a small RIA firm owner can be happy and compliant at the same time.
Schwab’s Clark to SEC: Don’t Link Fiduciary and Harmonization
As the SEC continues to gather data for a fiduciary rule, Bernie Clark of Schwab Advisor Services says Schwab’s mission is to ensure that a fiduciary rule is not coupled with harmonization of broker and advisor rules.
Obama Names Replacements for SEC’s Walter, Paredes
Kara Stein of Sen. Jack Reed’s office will replace Walter, while Senate Banking economist Mike Piwowar will replace Paredes.
FINRA’s Ketchum to SEC: Act Now on Fiduciary, or We’ll Make Our Own Disclosure Rules
Ketchum said, that without action, FINRA would “look hard” at issuing “an additional disclosure rule with respect to broker-dealer firms.”