Time to Reform FINRA: Mercatus Paper
A paper from the Mercatus Center's Hester Peirce argues that FINRA exhibits “a troubling independence from government, industry and the public.”
The SEC Is Broken
A decades-old law and the origin of new commissioners stymies consensus building and rulemaking at the Securities and Exchange Commission.
New Hire Roundup: Senate Confirms Social Security Advisory Board Members
Meanwhile, Mike DiCenso joined Mesirow Financial as managing director and head of national sales in its investment strategies division.
Fund Industry Challenges CFTC Registration
The mutual fund industry, with help from some former SEC officials, is fighting back over a rule adopted by the CFTC that will force many funds to register with it.
Another SEC Commissioner to Leave Office
SEC Commissioner Paul Atkins announced May 5 that will leave the Commission; he was originally appointed by President George W. Bush in August 2002.
Will the SEC Appeal?
A question on everyone's mind these days is whether the Securities and Exchange Commission will appeal the recent federal appeals court ruling that overturned the...
A Less Scary SEC?
When the talk turns to Securities and Exchange Commission examinations and inspections, advisors tend to take notice. How can they do otherwise? The SEC conducted...
An End to Policy-Making by Enforcement?
SEC's Atkins vows more oversight on sweep exams
Commissioner: Sound Industry Practices Offer Better Control than SEC Registration
NEW YORK (HedgeWorld.com)--Paul Atkins, one of the five commissioners of the U.S. Securities and Exchange Commission, drew a picture that should discourage investors from relying on the government to ferret out dishonest managers. He suggested that SEC examiners are likely to be overwhelmed by the task, and a more effective...
Donaldson's Swan Song
At an open meeting one day before his departure on June 30, SEC Chairman William Donaldson remained steadfast in backing the SEC's rule requiring registered investment companies to have a board comprising at least 75% independent directors and an independent chairman, and pushed the rule through once again with help...