SEC Should Shift Existing Funding to Boost Advisor Exams, IAA Says
The advisor advocacy group is “concerned about the potential disadvantages" of third-party exams compared to SEC examinations, says President David Tittsworth.
House Panel Advances Tax Extenders Package
Bonus depreciation, also known as bonus expensing, allows all businesses to immediately deduct 50% of investment in equipment and software.
Kleintop: Forget Bonds; Your Portfolio Needs ‘James Bond’
“There’s no ‘high’ in high yield,” LPL guru Jeffrey Kleintop said during an entertaining and insightful panel discussion at IMCA conference.
What Makes a Nonbank SIFI? GOP Lawmakers Demand Answers
“Both FSB and FSOC appear to take a ‘we-know-it-when-we-see-it’ approach” to identifying systemically risky firms, the House Republicans say in a letter.
Ryan Budget Seeks to ‘Tighten’ SEC’s Belt
But SEC Chairwoman Mary Jo White told lawmakers the same day that there was "an immediate and pressing need" for more funding for advisor exams.
Friedman: Senate Control Within GOP’s Reach, but Tea Party Could Weaken Grasp
Republicans' prospects for retaking the Senate and White House could fade if the party tilts too far right, says Washington Update's Andy Friedman.
House Passes Bill to Rein In CFPB
The bill replaces the director with a bipartisan board and cuts bureau workers’ pay; Senate support for the measure is unclear.
House GOP Prepared to Vote on Clean Debt Ceiling Raise
House GOP members were unable to get enough support for debt limit plan to mostly eliminate a cut in the military retirement cost-of-living adjustment.
Yellen, Not Debt Ceiling Debate, to Spark Washington Fireworks
While Yellen will face tough critics Tuesday, analysts are optimistic that a debt limit bill will pass prior to the Feb. 27 deadline.
Lawmakers: SEC Failed to Analyze Volcker Rule, Broke Federal Law
A congressional hearing on Wednesday focused on the unintended consequences of the Volcker Rule.