SEC User Fees the Answer to Exam Budget Crunch: Investor Advocate
SEC investor advocate Rick Fleming called on Congress to pass a user fees bill, saying investors faced “substantial risk” from unexamined advisors.
SEC Warned to Halt Money Market Fund Rule Release
Financial Services Roundtable tells SEC to deal with money fund rule's "tax consequences" before moving ahead.
House Bar on SEC Fiduciary Rule Likely DOA in Senate
It's “unlikely that the Senate will agree” to prohibit the SEC from making a uniform fiduciary rule, says IAA's David Tittsworth.
Rep. Bachus Backs Waters' User-Fees Bill
Rep. Spencer Bachus, R-Ala., agreed Thursday to co-sponsor a bill to allow the SEC to collect user fees to help boost advisor exams.
SEC Begins Exam Sweep of Alt Mutual Funds
The SEC is scrutinizing alternative mutual funds, with an exam sweep targeting 15 to 20 fund complexes.
Cybersecurity Is Advisors’ Hottest Compliance Topic: IAA Survey
"Many advisors still have work to do to develop their cybersecurity programs," says IAA counsel Laura Grossman.
SEC Issues FAQ on Proxy Voting for Advisors
The core of the proxy guidance is that "advisors have a fiduciary duty to vote proxies in the best interests of their clients,” IAA says.
House Appropriations OKs Smaller SEC Budget Boost Despite Complaints
Committee votes to give the SEC a $50 million budget boost, not the $350 million requested by Obama.
Schwab’s Bettinger: Results Strong, Momentum Stronger Thanks to Advisors
CEO says “Charles Schwab is so different than it was,” evidenced by nearly half of its assets getting personal advice from advisors.
House Appropriations to Hold Wednesday Vote on SEC Budget
SEC Chairwoman White told lawmakers Obama's $1.7 billion budget would permit the SEC to increase advisor exams.