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.
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.
Mary Jo White Commits to Reviewing Fiduciary Comments
Mary Jo White told the Senate Banking Committee on Tuesday that she would “commit” to reviewing the request for public comment on the agency’s fiduciary rule before releasing a proposal.