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.
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.
Historic Moment as Planner Groups Voice Clear Support for Fiduciary Standard
In a letter to the SEC, the FInancial Planning Coalition and consumer groups make a cogent argument for why the SEC should impose the same standard for all advice givers.
Bullard’s Blistering Critique of House Fiduciary Plan Offers Way Forward
A congressional hearing in late May showcased the latest arguments against SEC fiduciary rulemaking.
House Measure to Slow Fiduciary Rulemaking Poses Little Threat: Industry Officials
A discussion draft introduced Thursday designed to stymie efforts by the SEC and DOL to craft fiduciary rules will prove to be of little consequence, fi360's Duane Thompson and other experts said.
Some Questions—and Answers—on the Spencer Bachus SRO Bill
Some of the answers: FINRA is the only viable option that has been identified as an SRO and, as Mercer Bullard commented, "the bill would impose a tax on small advisory businesses...and mainstream investors they represent."
Senate Changes to JOBS Act Shot Down, Faces More Debate
The Senate took up debate on the House version of the JOBS act once again Wednesday after an abortive attempt on Tuesday to strengthen consumer protections by amendment failed.
IRA Owners on Brokerage Chopping Block
Individual retirement account holders may find themselves brokerless if the DOL adopts its proposed fiduciary duty rules.
Dodd-Frank and Advisors: Where Things Stand on an SRO for Advisors
The devil is in the details on implementing Dodd-Frank, as seen in the debate over an SRO for advisors.
If You Want Something Done Right
It’s beginning to look like the only way Dodd-Frank reregulation is going to turn out well is if RIAs form their own SRO, such as Mercer Bullard's SROIIA.