Is SEC Really Too Cozy With Wall Street?
Revelations of the close ties between a former SEC commissioner and key SEC policymakers are reviving questions about a so-called “revolving door” in which the lure of future high-paying jobs may improperly influence government decisions.
New Hire Roundup: Benartzi to Serve as Achaean Academic Advisor
This week in new hires, Achaean Financial announced that Professor Shlomo Benartzi would become its first academic advisor, and Michele Wein Layne was named regional director of the SEC’s Los Angeles regional office.
What’s on the Retirement-Plan Menu?
Given market and other conditions, it’s a great time to ask your best clients if you can help them make better investment decisions in their company-retirement plan account.
SEC Names Butler to Head New Office of Credit Ratings
The SEC’s Office of Credit Ratings was created by the Dodd-Frank Act and is responsible for overseeing the nine registered Nationally Recognized Statistical Rating Organizations (NRSROs).
Cherish the Young(er)
If you are serious about your commitment to your clients, you should be thinking beyond your own span of days to when you shake off this mortal coil and head to your own reward, and plan for who will take care of those clients after you’re retired or dead.
SEC Inspector General Kotz Leaving Agency
The SEC on Tuesday said that its inspector general, H. David Kotz, will leave the agency at the end of January to become the managing director in the Washington office of the private investigative services firm Gryphon Strategies.
Deficit Reduction Committee Gets to Work
Congress’ solution to the debt limit crisis and rising deficits is fully operational, but many are left wondering whether the bipartisan Joint Select Committee on Deficit Reduction is capable of fulfilling its mandate.
Class Action Suit Costs Wachovia $590 million
In what’s being hailed as among the largest securities class action recoveries, Wachovia has been ordered to pay $590 million in a class-action settlement for losses incurred through purchases of Wachovia bonds and preferred securities between.
Roth Restructure Scheme Nets Couple $2 Million Tax Bill
The Tax Court recently upheld penalties against a couple who bought into a traditional IRA to Roth conversion scheme.
Doing It Right
David Grau’s been a friend of mine since 2001, when I worked with him and his newly formed FP Transitions for a few years to brand their expertise in helping independent advisors realize the value in their practices.