‘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.
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.
‘Timing Discrepancy’ Gives SEC Filing Subscribers Unfair Advantage: Senators
Two senators called on the SEC to act after a study found paying subscribers can get corporate filings about 40 seconds before the public.
CFPB Should Boost Consumer Data Protections: GAO
Republican lawmakers say that the CFPB is overstepping its boundaries with "unwarranted" and "unwelcome" intrusion into personal consumer information.
Senators Vow More Work on Housing After Voting to Wind Down Fannie, Freddie
Members of the Senate Banking Committee said they’d keep working to overhaul the housing finance system after casting a narrow vote to advance the bill.
Harmonization Headache: Thornier Than Fiduciary?
The debate over the outcome of the SEC's fiduciary rule is bringing to light what could turn out to be an even more contentious issue: whether such a rule will include harmonizing advisor and broker rules.
NARAB II Bill Clears Senate Banking Committee
The bill would establish the National Association of Registered Agents and Brokers, a nonprofit, independent board to provide a mechanism for multistate licensing for insurance producers
Schwab’s Clark to SEC: Don’t Link Fiduciary and Harmonization
As the SEC continues to gather data for a fiduciary rule, Bernie Clark of Schwab Advisor Services says Schwab’s mission is to ensure that a fiduciary rule is not coupled with harmonization of broker and advisor rules.
Obama Names Replacements for SEC’s Walter, Paredes
Kara Stein of Sen. Jack Reed’s office will replace Walter, while Senate Banking economist Mike Piwowar will replace Paredes.
Mary Jo White Confirmed by Senate as SEC Chairwoman
The former prosecutor was confirmed as SEC chief via unanimous consent.