SIFMA Names Former Sen. Gregg as CEO
SIFMA announced Monday that former Sen. Judd Gregg has been appointed CEO and that Ken Bentsen, acting president and CEO, is now president.
Online Sales Tax Bill Seen as Rife With Unintended Consequences
Lawmakers and officials from the retirement planning and securities industries are coming out against an online financial transaction tax bill that they say would hurt retirement savers, small businesses and investors.
Top 5 Retirement Issues
Investment Advisor talked to several of the main players on the retirement stage to get their thoughts on the big challenges of modern retirement.
SEC’s New Chief: Dodd-Frank, JOBS Act Top SEC’s Priority List
SEC Chairwoman Elisse Walter said Friday that despite the current “2-2 divide” among the agency’s commissioners, she’s confident that they “are eager to find common ground.”
SEC to Take Another Step Toward Fiduciary Rule
The SEC plans to issue a “concept release,” which will also likely include a request for information, in the first quarter regarding its rule to put brokers under a fiduciary mandate, Ken Bentsen of SIFMA said Wednesday.
Bachus, McCarthy Introduce SRO Redraft
House Financial Services Chairman Spencer Bachus reintroduced on Wednesday his draft bill calling for an SRO for advisors—one week after industry sources told AdvisorOne that an SRO bill was imminent.
SRO Bill’s Redraft Hangs in Balance With Bachus to Leave House Panel’s Helm
House Financial Services Chairman Spencer Bachus’ recent announcement that he will leave his post likely when a new Congress convenes could prompt him to move quickly in pushing through his committee a redraft of his SRO bill.
Fiduciary Duty Rule: A Status Report One Year Later
January 21 marks the one-year anniversary of the SEC handing over to Congress its report under Section 913 of Dodd-Frank recommending that brokers adhere to a fiduciary duty.
SIFMA’s Ryan, Bentsen: Fiduciary, SRO Action on Horizon in 2012, but Not 12b-1
2012 will be the year of ‘finalizing’ Dodd-Frank implementation, adds SIFMA’s Ryan.
Frank Not Acting Like Lame Duck; No Fan of SRO Bill
Rep. Barney Frank, the straight-talking Massachusetts Democrat who serves as ranking member on the House Financial Services Committee, announced in late November that he won’t seek re-election and plans to retire from Congress at the end of 2012.