Rep. Waters Calls for Hearing on Advisor Exams
The top Democrat on the House Financial Services Committee wants a hearing on ways to boost advisor exams, including her user fees bill.
Garrett Brings NY Fed Into FSOC Issues
Rep. Scott Garrett is demanding that the New York Fed share with him any information it provides to the FSOC on nonbank SIFI designations.
FPA Steps Up Lobbying Game With First ‘Advocacy Day’
FPA is pushing for a user-fees bill and trying to "establish relationships" with lawmakers.
House Committee Votes to Block SIFI Designations
The two bills would effectively shutter the FSOC for a year, but analysts give them little chance of becoming law.
House Appropriations to Hold Wednesday Vote on SEC Budget
SEC Chairwoman White told lawmakers Obama's $1.7 billion budget would permit the SEC to increase advisor exams.
Advisory Industry Wants More Exams (and Will Pay for Them, Too)
On IAA's annual lobbying day, the industry has “a very unusual message" for Congress, TD Ameritrade's Skip Schweiss told ThinkAdvisor.
SEC Should Shift Existing Funding to Boost Advisor Exams, IAA Says
The advisor advocacy group is “concerned about the potential disadvantages" of third-party exams compared to SEC examinations, says President David Tittsworth.
SEC's Gallagher: Fiduciary Debate Is Unfair
Daniel Gallagher, one of the Securities and Exchange Commission's two Republican commissioners, has been very vocal as of late regarding his belief that the agency doesn't need to write a rule to put brokers under a fiduciary mandate.
Gallagher: SEC Fiduciary Rule Won’t ‘Stave Off’ DOL Redraft
“Folks have … said do a rulemaking because it will stave off Labor. I don’t like rulemaking to stave off other people,” says SEC's Gallagher.
SEC’s Gallagher: Fiduciary Debate Biased Against Brokers
The debate is “not fair right now” because there is much more exam data on brokers than on advisors, SEC Commissioner Daniel Gallagher told ThinkAdvisor.