Gridlock Likely in New Congress as Fiduciary Regs Hang in Balance
The list of regulations and legislation that the advisory industry will be watching — and lobbying to influence — in the new year is long.
SEC Chief White Pushes Back on Advisor Audits
White tells Financial Services Committee that a reallocation of resources from BD coverage to advisors would ‘not be advisable.’
Sustainable Investment Assets Grew by 76% From 2012 to 2014
A foundation’s research looked at 480 U.S. institutional investors, 308 money managers and 880 investment institutions that applied SRI strategies.
NASAA Launches Online System for Reg D Filings
Electronic Filing Depository creates an 'efficient, streamlined system for state Form D filing requirements,' says NASAA's Beatty.
Sen. Hatch’s 2015 Priority: Torpedo DOL Fiduciary Efforts
Sen. Orrin Hatch, who will take over as Finance Committee chairman, says he will reintroduce his SAFE Act, which halts DOL’s fiduciary overhaul.
SEC's White Vows to Get Tougher on Mutual Funds
"Liquidity management and the use of derivatives in mutual funds and ETFs are two key areas of focus" for SEC staff, Chairwoman White says.
Morgan Stanley Pays $4M to SEC Over Market Access Violations
Morgan Stanley allowed a rogue trader to engage in fraudulent trading of Apple stock and lose $5.3 million, the SEC said.
New Hire Roundup: SEC Names Pollock L.A. Exam Chief
Meanwhile, wealth advisory firm Presidio Group opens a new Washington office.
Lawmakers Push Vote on Spending Bill; SEC Funding Boosted
Lawmakers avert shutdown with a deal late Tuesday, but critics call it a “stealth attack on financial reform.”
SEC Slams Programmer of Virtual Currency-Based Stock Exchanges
SEC sanctioned a computer programmer for operating two online venues trading stocks using bitcoin or litecoin without registering them as BDs or stock exchanges.