Alt Mutual Funds Are ‘Sharp Objects,’ SEC Warns
Andrew Bowden warned that while advisors are billing alternative mutual funds as "bright, shiny objects," they must be used with care.
Advisor Groups ‘Working Hard’ to Get Senate User Fees Bill
Advisor groups lobby for bipartisan Senate bill as House bill languishes and FINRA “remains committed” to gaining oversight of advisors.
SEC’s White: Fiduciary Rule’s Fate to Be Decided This Year
The agency this year will make “a threshold decision on whether to proceed” with a uniform fiduciary standard, SEC Chairwoman Mary Jo White said.
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.
Senator Concerned Over Treasury’s SIFI Report on Asset Managers
Issues have been raised about “the integrity” of the study on systemic importance of asset management firms, says Senate Banking's Crapo.
SEC Chief: Rule Priorities in ’14 Include Money Market Funds, Crowdfunding
Fiduciary rule fails to make the list, but SEC Chief White talks up a new exam tool that can analyze millions of transactions a day.
With (Democratic) Friends Like These…Is It Time to Recast Fiduciary Argument?
The opposition of the "New Democrat Coalition" to DOL’s inchoate fiduciary rule may well be a golden opportunity for those who put clients’ interests first.
SEC Issues Guide on Muni Advisor Registration, Extends Compliance Deadline
Among other matters, the guidance clarifies that advisors using swaps or security-based swaps in municipal entity portfolios do not have to register as municipal advisors.
Ken Fisher Warns, Industry Responds: What Happens to RIAs in 10 Years?
Ken Fisher is bullish on 2014’s market and economy but decidedly bearish on the future of RIAs.
You Can Leave Your Hat(s) On: Two Fiduciary Standards?
Creating two fiduciary standards would do nothing to reduce the current state of investor confusion; the real losers would be retail investors.