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.
Timing of SEC’s Fiduciary Rule Debated at CFA Conference
While optimism remains that the Securities and Exchange Commission will issue a rule putting brokers under a fiduciary mandate, the question being debated among industry and consumer officials is exactly when it will happen.
Barney Frank Tells AdvisorOne: No to Bachus’ SRO
A couple of days after announcing that he won’t seek re-election in 2012, Rep. Barney Frank, ranking member on the House Financial Services Committee, told AdvisorOne on Thursday that he “doesn’t like” his committee chairman’s bill calling for an SRO for advisors.