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.
Mercer Bullard Asks at fi360: Who Will Regulate Investment Advisors?
The question burns brightly at the 2011 conference in San Antonio: Will it be the SEC, a new SRO, FINRA? Stay tuned.
FINRA Alternative: New SRO With ‘Bona Fide’ Fiduciary Standard for RIAs
The Business Law Society, a group of law students at the University of Mississippi, under the guidance of Mercer Bullard, associate professor of law and a member of the SEC’s Investment Advisory Committee, proposed an alternative SRO for RIAs.
Stretched Too Thin?
No single commercial or governmental agency has as big an influence on financial planners and investment advisors as the Securities and Exchange Commission. Moreover, within...
Canary Class Actions and Certification Issues
BALTIMORE (HedgeWorld.com)--Charles J. Piven, a class action plaintiffs' lawyer, has filed four class actions in courts across the country alleging improper trading practices by four...