GOP Blocks SEC User Fees From Spending Bill
House Republicans rejected Rep. Maxine Waters’ attempt to amend an appropriations bill by adding her user-fees legislation to help boost advisor exams.
DOL Fiduciary Redraft Opposed by 90% of FSI Advisors: FSI Poll
Advisors say the DOL should not redefine fiduciary under ERISA, according to an FSI poll. Most advisors also think the GOP will win the Senate.
Bob Rodriguez Warns of Fiscal Nightmare Unless GOP Takes Senate
FPA's Bob Rodriguez warns that America’s fiscal fuse is nearing its end unless U.S. voters stage a revolt in midterm elections.
Andy Friedman: GOP in ‘Strong Position’ to Take Senate
But the party that wins the Senate majority is “unlikely to influence greatly” the legislation that emerges from the post-election Congress, says Friedman.
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.