SIFMA Names Former Sen. Gregg as CEO
SIFMA announced Monday that former Sen. Judd Gregg has been appointed CEO and that Ken Bentsen, acting president and CEO, is now president.
SEC to Take Another Step Toward Fiduciary Rule
The SEC plans to issue a “concept release,” which will also likely include a request for information, in the first quarter regarding its rule to put brokers under a fiduciary mandate, Ken Bentsen of SIFMA said Wednesday.
SIFMA CEO Tim Ryan Leaves for JPMorgan
Tim Ryan, SIFMA president and CEO, resigned Tuesday after being named global head of regulatory policy and strategy at JPMorgan Chase.
Lawmakers Grill DOL’s Solis on Fiduciary Duty Redraft
At a House hearing, lawmakers took Labor Secretary Hilda Solis to task Wednesday over how the DOL’s recrafting of its fiduciary rule is progressing—specifically on the timing of the re-proposed rule and the rule’s inclusion of IRAs.
The Client. The Client. The Client.
The last words of General of the Army Douglas MacArthur’s farewell speech at West Point went like this: “…when I cross the river, my last conscious thoughts will be of the Corps, the Corps, the Corps.”
SIFMA’s Ryan, Bentsen: Fiduciary, SRO Action on Horizon in 2012, but Not 12b-1
2012 will be the year of ‘finalizing’ Dodd-Frank implementation, adds SIFMA’s Ryan.
SIFMA Says Volcker Rule Threatens to Freeze Corporate Bond Market
SIFMA says that an overly restrictive implementation of the Volcker rule could severely reduce liquidity in the $1 trillion U.S. corporate bond market.
SIFMA Recognizes Women’s Group at Baird, Other Firms
The industry group shares awards with Baird, BNP Paribas, Goldman Sachs, BofA, Citi, Deutsche Bank and Credit Suisse for diversity programs.
Big U.S. Banks Are ‘Uninvestable,’ Say Industry Insiders at SIFMA Meeting
Industry insiders criticized big U.S. banks as being “uninvestable” on Tuesday at the Securities Industry and Financial Markets Association’s (SIFMA) annual meeting in New York.
‘Volcker Rule’ Proposal Approved by FDIC; Wall St. Fumes
Wall Street firms decry proposed rules to take effect in July 2012; FDIC will accept comments until Jan. 13.