The STOCK Act’s Lameness
"Send me a bill that bans insider trading by members of Congress and I will sign it tomorrow,” President Obama proclaimed in his State of the Union on Jan. 24, 2012.
The Next Congress
This year’s congressional elections hold considerable potential to reshuffle power on Capitol Hill.
Industry Groups Press DOL for ‘Progress Report’ on Fiduciary Redraft
The Financial Services Institute and Financial Services Roundtable are pressuring the Department of Labor to release a “progress report” on the department’s redrafting of its rule amending the definition of fiduciary under ERISA.
In Dodd-Frank Slap, Looser Derivatives Rules Approved by House Panel
On Wednesday, the House Financial Services Committee voted to send on three pieces of legislation that are designed to loosen derivatives rules put in place by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Deficit Supercommittee: Are You Ready for More Political Football?
Everything you wanted to know about the Congressional supercommittee, and when its recommendations need to be made.
Wanna Beat the Market by 6.6%? Join Congress
A new study published this year finds a 6.6% annual market-beating advantage for members of the House between 1985 and 2001. Rep. Nancy Pelosi scored a 203% multimillion-dollar return on an IPO at a time when ordinary investors lost 15%...
Unfinished Business: Advisors Debate Fiduciary Standard, SRO
As we near the end of 2011, two of the top issues for the advisory industry remain unresolved: a fiduciary mandate for brokers and a SRO for advisors.
Senate Nears Spending Bill Vote; Shutdown Still Looms
The Senate is poised to vote late Monday afternoon on a government spending bill before the government’s fiscal year ends on Sept. 30, but with the House on recess, a government shutdown looms.
Barney Frank to DOL: Revise Fiduciary Rule on Retirement Plans
Democratic Congressman writes Labor Secretary Solis, calling for her to “withdraw and repropose” fiduciary rule under ERISA; FPA and FSI voice approval
Debt Deal Vote Looms, Downgrade Worries Persist
As Congress takes up consideration of the debt ceiling bill, David Kelly of J.P. Morgan Funds warned that the measure could fail, leading to a TARP-like stock sell-off.