SEC Chief White Pushes Back on Advisor Audits
White tells Financial Services Committee that a reallocation of resources from BD coverage to advisors would ‘not be advisable.’
GOP Blasts User Fees Plan, Tells SEC to Boost Exams Now
Reps. Hensarling and Garrett give SEC Chairwoman White a Dec. 5 deadline to detail how agency will reallocate resources.
Lobbyists Gear Up to Prod New Congress on User Fees, Retirement, Cybersecurity
The IAA, for one, sees an opportunity to gain Republican support for an SEC user-fees bill.
IAA’s Barr to Replace Tittsworth as President, CEO
Karen Barr will become the IAA's new president and CEO, replacing David Tittsworth, who has led the association since 1996.
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.
SEC Proxy Advisory Roundtable to Discuss Conflicts of Interest, Competition
Former SEC Chairman Harvey Pitt will be among the panelists at SEC's Dec. 5 proxy advisory firm roundtable.
SEC Tightens Rule on Advisory Performance Fees
The SEC announced Thursday that it is tightening its rule on investment advisory performance fees to raise the net worth requirement for investors who pay performance fees by excluding the value of the investor’s home from the net worth calculation.
Retirement Planning: Discord With DOL
As the Department of Labor's Employee Benefits Security Administration (EBSA) prepares to move forward soon in finalizing its regulation on investment advice for 401(k)s and...
Making Compliance Headway
Four years since the passage of the SEC's "compliance program rule"--requiring registered investment advisors to adopt and implement compliance policies and procedures, appoint a chief...
Spring is here and with it, increased SEC regulation. All RIAs want to put their clients' interests first. If only compliance didn't cost advisors so...