Senate Hearing on Dodd-Frank: Schapiro, Regulators Say Implementation Moving at Brisk Pace
The nation's top regulators told lawmakers on Thursday that they were working at break-neck speed to implement the scores of new rules, and to conduct the many studies, that were required under the Dodd-Frank Act.
Dodd: More Legislation Needed After Stanford Ponzi Scheme IG Report
Members of a Senate Banking Committee questioned the SEC Inspector General on Wednesday regarding the IG's report which found that it took the securities regulator 12 years to put a stop to Robert Stanford's $8 billion Ponzi scheme.
Senate to Explore Expansion of Covered Bonds in U.S.
Christopher Dodd (D-Connecticut), Senate Banking, Housing and Urban Affairs Committee Chairman, plans to hold a hearing on Wednesday, September 15, to explore the possible expansion of covered bonds in the United States.
Retained Asset Accounts Is Focus of Senator Shelby's September Hearing
NAIC working group releases consumer alert on the accounts.
Next Steps for Congressional Action
As Investment Advisor went to press in mid-May, lobbyists and Congressional staffers were optimistic that the Senate would finish a vote on Senator Christopher Dodd's...
Cloture Vote Fails in Senate on Dodd Bill; 2d Vote Expected Later in Week
Senate Republicans block debate on the financial services reform bill April 26, the GOP also vowed the same day to introduce an alternative financial services reform bill. A second vote is expected this week following more negotiations
Investors Will See the Light
It may well be that a "study" of whether brokers should put their clients' interests first will call even more attention to the differences between those who put client's interests first and those who don't have to.
Will Dodd's Legacy be Anti-Investor, Pro Broker and Insurer?
A report notes that "Senate Banking committee members have received $41.9 million in campaign contributions from PACs and individuals in the financial sector since 2005."
Washington Watch: Fiduciary Wrangling Resumes
The fiduciary battle is kicking into high gear. Advisor trade groups as well as state securities regulators and investors rang in the New Year by...
Danger & Opportunity: Staggering Toward Reform
As we enter the final month of 2009, the financial services industry anticipates some type of reform from Washington by year-end, but the consensus is...