SEC Focused on ‘Preserving’ Money Market Funds; Resources for Advisor Exams a ‘Crying Need’
SEC is “very sensitive” to preserving money market funds as it proceeds “to the adopting phase” of a money fund rule, Chairwoman White says.
fi360 Urges SEC to Consider Third-Party Advisor Exams
As user-fees bill and SRO options stall, fiduciary advocate fi360 suggests third-party compliance reviews.
Advisor Groups ‘Working Hard’ to Get Senate User Fees Bill
Advisor groups lobby for bipartisan Senate bill as House bill languishes and FINRA “remains committed” to gaining oversight of advisors.
Changes Afoot in Washington Well Ahead of Midterm Elections
"It’s virtually certain that Republicans will retain control of the House — and now are within striking distance of taking the Senate,” says strategist Valliere.
Will SEC Spend 5 More Years Mulling Fiduciary Rule?
The SEC said Monday that it would “continue to analyze” over the next five years whether to write a fiduciary rule for brokers.
SEC Chief: Rule Priorities in ’14 Include Money Market Funds, Crowdfunding
Fiduciary rule fails to make the list, but SEC Chief White talks up a new exam tool that can analyze millions of transactions a day.
More Advisor Exams? Not Under This SEC Budget, Advocates Say
CFP Board, CFA and others say the SEC's pledge to examine more advisors will be tough to fulfill with only a $29 million increase.
Advisors Brace for More Exams in 2014; DOL ‘Game Changer’ on Horizon
Some industry officials question whether the SEC can deliver on its promise to boost the number of advisor exams in the new year.
SEC Fiduciary Rule Unlikely in Dodd-Frank’s Third Year of Life
Advisors, including Harold Evensky, and industry officials are increasingly pessimistic that the year will bring a uniform fiduciary rule. However, the first designation of an asset management firm as systemically important could be coming soon.
Bill Would Force DOL to Let SEC Fire First on Fiduciary
The House Financial Services Committee plans to mark up a bill introduced Wednesday that would require the DOL to wait 60 days to publish its fiduciary rule after the SEC has released its own measure.