SEC’s Ability to Deliver True Fiduciary Standard in Doubt: Report
Institute for the Fiduciary Standard says the SEC believes "conflicts are routine and acceptable — not inherently inconsistent with providing objective advice.”
SEC's White Supports Fiduciary Rule for Brokers, Third-Party Audits
While many in the industry are applauding SEC Chairwoman Mary Jo White's declaration that she will push to ensure the agency extends a fiduciary rule for brokers, concerns remain that such a rule will be a long time in the making.
SEC Issues Mutual Fund Prospectus Guide, Delays Annuity Summary Plan
The Securities and Exchange Commission recently released mutual fund guidance that advises registrants to reduce the length of the summary disclosure to three to four pages and to use “plain English” to explain disclosures.
Barney Frank Cheers FSOC for Role in Money Market Fund Overhaul
Before a House committee, Barney Frank commented on several controversial aspects of his namesake financial reform law, including one that makes him "nervous."
Cybersecurity Crackdown: Where SEC, FINRA Will Strike
No matter the size of your firm, if your client data isn’t safe, you’re not safe from the SEC and FINRA.
Fi360 Urges SEC to Consider Third-Party Advisor Exams
The Securities and Exchange Commission should revisit the idea of using third-party audits to boost the number of advisor exams in lieu of assessing user fees or appointing a self-regulatory organization to conduct such exams, says fi360.
fi360 Urges SEC to Consider Third-Party Advisor Exams
As user-fees bill and SRO options stall, fiduciary advocate fi360 suggests third-party compliance reviews.
DOL Seen as First Mover on Fiduciary
The SEC will let the DOL move first in releasing its fiduciary redraft, which the DOL said won’t come until August, two industry officials predicted.
Bogle Hailed as Warrior for the Common Investor
Michael Zeuner and Jim Patrick of Institute for the Fiduciary Standard remain optimistic, tying John Bogle's "investor first" approach to the fiduciary standard.
DOL to Be First Mover on Fiduciary, Industry Watchers Say
DOL’s rule will be a “stronger rule,” and it will “bolster” the SEC’s rule, an AARP lobbyist told ThinkAdvisor.