Why NASAA Is Leading the Charge Against Elder Fraud
At least one-third of the enforcement actions initiated by state securities regulators involve senior investors, and NASAA is tackling the issue head on.
What a GOP Senate Takeover Means for Dodd-Frank, CFPB, User Fees
AEI's Peter Wallison and others weigh in on what advisors can expect now that Republicans have dominated the midterms.
SEC User Fees Would Have Little Impact on Most Firms: Study
Vanguard, on the other hand, may have reason to call its lobbyists soon, according to an analysis by the compliance firm RIA in a Box.
House Appropriations OKs Smaller SEC Budget Boost Despite Complaints
Committee votes to give the SEC a $50 million budget boost, not the $350 million requested by Obama.
House Appropriations to Hold Wednesday Vote on SEC Budget
SEC Chairwoman White told lawmakers Obama's $1.7 billion budget would permit the SEC to increase advisor exams.
Advisory Industry Wants More Exams (and Will Pay for Them, Too)
On IAA's annual lobbying day, the industry has “a very unusual message" for Congress, TD Ameritrade's Skip Schweiss told ThinkAdvisor.
SEC’s White Pleads for Advisor Exam Funds; Rep. Waters ‘Pushing Hard’ for User Fees Bill
In 2004, the SEC “had 19 examiners per trillion dollars in investment advisor assets under management,” says White. “Today, we have only eight.”
Ketchum’s Comment on SRO Defeat Isn’t the Final Word, Watchers Say
Advocates from fi360 and IAA say FINRA is merely biding time for a more agreeable Congress before another attempt to gain control over advisor regulation.
Fi360 Urges SEC to Consider Third-Party Advisor Exams
The Securities and Exchange Commission should revisit the idea of using third-party audits to boost the number of advisor exams in lieu of assessing user fees or appointing a self-regulatory organization to conduct such exams, says fi360.
SEC Focused on ‘Preserving’ Money Market Funds; Resources for Advisor Exams a ‘Crying Need’
The Securities and Exchange Commission is “very sensitive” to preserving money market funds as it proceeds “to the adopting phase” of a rulemaking.