SEC Mulls Including Advisors as ‘Accredited’ Investors
"Professional certifications ... are among the possible supplemental or alternative criteria for qualifying as an accredited investor," says SEC Chief White.
How Financial Reform Became a Fiasco
Three years after Dodd-Frank’s passage, President Obama and Congress have failed to shepherd sound financial-industry rules, or level with the public.
Lawmakers Challenge Hedge Fund Ad Rules
Two representatives warn the SEC that the rule, requiring funds to file "wildly expanded" paperwork 15 days before advertising starts, runs afoul of the JOBS Act's intent and would "delay free speech."
Harmonization Headache: Thornier Than Fiduciary?
The debate over the outcome of the SEC's fiduciary rule is bringing to light what could turn out to be an even more contentious issue: whether such a rule will include harmonizing advisor and broker rules.
Industry Groups Fear Wagner Bill Will Stop SEC, DOL Fiduciary Rules in Their Tracks
The bill, which passed the House Financial Services Committee on Wednesday, was unlikely to be made into law but could have serious implications anyway, the groups said.
Bill Would Force DOL to Let SEC Fire First on Fiduciary
The House Financial Services Committee plans to mark up a bill introduced Wednesday that would require the DOL to wait 60 days to publish its fiduciary rule after the SEC has released its own measure.
Schwab’s Clark to SEC: Don’t Link Fiduciary and Harmonization
As the SEC continues to gather data for a fiduciary rule, Bernie Clark of Schwab Advisor Services says Schwab’s mission is to ensure that a fiduciary rule is not coupled with harmonization of broker and advisor rules.
FSI Backs Bill Requiring SEC Cost-Benefit Analysis
H.R. 1062 would require SEC to conduct cost-benefit analyses before instituting rules. The White House opposes the measure.
After Obama Victory, How the New Government Is Shaping Up for Advisors: Updated
Some notable newcomers—Elizabeth Warren, for one—join Congress, which remains divided between the two parties as fiscal cliff, tax issues come to fore of national agenda. FPA and FSI's leaders and lobbyists weigh in on what's next.
How the Election Will Shape Regulatory Policies for Advisors
The president appoints the people who will make the most important decisions on regulatory policy that affect your profession. First up on our list of potential changes: Treasury.