SEC’s Uniform Fiduciary Rule Could ‘Haunt’ Advisors
Creating a uniform fiduciary duty rule for brokers and advisors is a “deeply flawed” concept, says former investment management deputy director Robert Plaze.
Former SEC Compliance Chief Tells White: Stop Suing Compliance Officers
John Walsh gave new SEC Chairwoman Mary Jo White some blunt advice: stop suing compliance officers “or the future of the profession may be at risk.”
Plaze to Leave SEC as Cross Joins Agency
The SEC announced Thursday that Robert Plaze, deputy director of the Division of Investment Management, is retiring from public service at the end of August while the SEC has named John J. Cross III the director of the agency’s new Office of Municipal Securities.
SEC’s Plaze Defends Need for Money-Market Fund Reforms
Money-market fund reform “is one of the areas of unfinished businesses” leftover from the 2008 financial crisis, Robert PLaze told mutual fund directors at their annual policy conference.
SEC Names Blizzard to Head Investment Advisor Regulation
The SEC has named Diane Blizzard associate director for regulatory policy and investment adviser regulation in the Division of Investment Management, replacing Robert Plaze.
Are RIAs Really a Bigger Regulatory Problem Than Brokers?
A look at the number of enforcement actions against each group provides a ready answer: part two of a series on the Bizarro World inside the beltway
SEC Adds 130 Examiners for ‘Priority’ Areas: Exam Chief di Florio
Carlo di Florio, director of OCIE, told CCOs that the SEC has hired 130 new examiners over the last 18 months and that the agency is focusing on three 'priority' areas when it comes to advisory firms.
SEC, Congress Tussle Over Private Fund Advisor Registration
SEC Commissioner Daniel Gallagher told chief compliance officers on Thursday that he sees cases where the securities regulator can grant exemptive relief for private fund advisors that must register with the agency as mandated by Dodd-Frank.
SEC, Industry Experts Issue Stern Warnings to CCOs
Chief compliance officers received a number of stern warnings on Thursday during the Investment Adviser Association’s annual compliance conference just outside Washington.
Municipal Advisors Rule Still in Flux
Those looking for guidance on how to proceed regarding the new rule requiring registration of municipal advisors will have a bit longer to wait.