SEC’s White: Fiduciary Rule’s Fate to Be Decided This Year
The agency this year will make “a threshold decision on whether to proceed” with a uniform fiduciary standard, SEC Chairwoman Mary Jo White said.
After MyRA Unveiling, Obama Still Gets Mixed Reviews on Retirement
Attempt to widen retirement account access gets praise, but Obama draws fire for saying savings incentives in the tax code neglect the middle class.
Obama Offering Retirement Savings Plan for Workers
President Barack Obama offered more Americans the chance to save for retirement through payroll deductions with a plan for new government-sponsored savings accounts.
Harold and Fiduciary
We knew Harold Evensky has been a proponent of the fiduciary standard for advice givers for some time and that he was a leading light of the Institute for the Fiduciary Standard. So we asked the Institute’s co-founder, Knut Rostad, to comment on Evensky’s contributions.—Ed.
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.
IRS Scandals Fueled by Lack of Funds, Taxpayer Advocate Says
In her annual report to Congress, Nina Olson calls for a taxpayer bill of rights that she says might have prevented the political targeting scandal.
New Hire Roundup: Altegris Names Jack Rivkin CIO
Meanwhile, Convergent welcomed Richard Wells and the Senate Finance Committee approved three nominees for federal positions.
The State of Fiduciary After 1,640 Days: Time for a Reset?
Fiduciaries need to apply our risk analysis skills to what could be the most important regulatory action in decades: the SEC's fiduciary rulemaking.
House Passes Bill to Exempt Private Equity Fund Advisors From Registration
President Obama has threatened to veto it, and there is no companion bill in the Senate.
Obama Threatens to Veto Bill Exempting Private Equity Advisors From Registration
H.R. 1105 is a step backward from the Dodd-Frank progress made to date, the administration says.