‘Faulty’ Analysis Could Torpedo an SEC Fiduciary Rule: Advocates
SEC’s analysis on a fiduciary rule must be “thorough and well-reasoned,” as a “faulty analysis could doom or further delay” prospects for reform.
White Promises ‘Clarity’ on Fiduciary
While SEC Chairwoman Mary Jo White said in mid-November that the agency had not yet decided “whether to do something or what to do” regarding a fiduciary rulemaking, White said she planned to provide “clarity” as to her position regarding a uniform fiduciary rule in the “short term.”
The SEC Is Broken
The Securities and Exchange Commission has three primary mandates: to protect investors; to maintain fair, orderly and efficient markets; and to facilitate capital formation.
SEC’s White to Provide ‘Clarity’ on Her Fiduciary Stance
Where does SEC Chairwoman Mary Jo White stand on a uniform fiduciary rule? No one knows, but that may soon change.
Roper Urges SEC Chief to Move on Fiduciary With Split Vote
Chairwoman Mary Jo White “gives every impression” that a uniform fiduciary rulemaking is “a personal priority for her,” says consumer advocate Barbara Roper.
What's Next for the Fiduciary Standard?
While the industry awaits a decision by the SEC on whether it will move forward with a uniform fiduciary rule for brokers and advisors, fiduciary advocates will engage this month in a debate about the importance of the two fiduciary rulemakings being considered by the SEC and the DOL.
SEC Approves Tighter Money Fund Rules on 3-2 Vote
Among the changes approved by a split SEC: a floating NAV for prime money market funds.
SEC Warned to Halt Money Market Fund Rule Release
Financial Services Roundtable tells SEC to deal with money fund rule's "tax consequences" before moving ahead.
Dodd-Frank’s FSOC Under Fire as Americans Push for Wall Street Crackdown
Just as a poll shows Americans back tough regulations on Wall Street, regulators and lawmakers continue to sharply criticize the Financial Stability Oversight Council.
High-Speed Trading Rules Coming From SEC, White Says
The SEC chief unveiled the regulator’s most sweeping plan yet for reining in high-frequency trading and monitoring secretive trading practices.