New Hire Roundup: Ohio Securities Commissioner Andrea Seidt to Lead NASAA
Stephanie Zaffos joined Convergent Wealth Advisors, Scivantage welcomed Jim Toussignant, and the SEC announced three staff promotions.
SEC Budget Faces $108M Cut Under Sequester; House GOP Blasts SEC’s ‘Misplaced Priorities’
Republicans on the House Financial Services Committee criticized the agency Tuesday for “repeatedly failing to fulfill any part of its mission.”
House GOP Rejects Frank Measure for SEC Funding Boost
Republican members of the House Financial Services Committee rejected, 25-17, an amendment introduced by Rep. Barney Frank, D-Mass., that called for approving President Barack Obama’s proposed budget increase for the Securities and Exchange Commission in 2013.
New Hire Roundup: Reinhart Joins Wealthcare Capital, Bowden Goes to SEC
This week in new hires, Len Reinhart joined Wealthcare Capital’s board, Andrew J. Bowden was appointed the SEC’s new associate director of advisor exams, and the Senate confirmed Luis Aguilar and Daniel Gallagher as SEC commissioners.
New Hires Roundup: Senate Banking Panel Approves SEC Nominations; Gregg Goes to The Hartford
This week in new hires, the Senate Banking Committee approved several SEC nominations; Michael Gregg was welcomed at The Hartford; Tom Douie rejoined Neuberger Berman; and Carl Steinhilber and Roderick Toppin went to MassMutual.
SEC Dropping ‘Proxy Access’ Appeal
The Securities and Exchange Commission announced late Tuesday that it would not seek an appeal of a decision by the U.S. Court of Appeals in Washington, D.C., over its so-called “proxy access” rule.
The Polar Bears
I don’t usually write about politics, except when it has a direct impact on financial advice, and this appears to be one of those times.
White House Said to Mull Gallagher as Casey's SEC Replacement
President Obama reportedly may nominate Daniel Gallagher, a former SEC official, to replace Kathleen Casey, whose five-year term expires in June.
House GOP to SEC: Regulator Lacks 'Solid Basis' for Fiduciary Rulemaking
Rep. Steve Garrett, R-N.J., chairman of the House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises, told SEC chairman Mary Schapiro in a March 17 letter to not move forward with a fiduciary duty rule...
SEC Fiduciary Rule May Hit by Summer
Despite the advisory industry’s hopes that the Securities and Exchange Commission (SEC) would get a quick start on writing a rule to put brokers under the same fiduciary standard as advisors, it looks as though a rulemaking could come by summer.