HighTower’s Weissbluth: ‘Brokers Are Butchers; Fiduciaries Are Dietitians’
By Melanie WaddellElliott Weissbluths two-and-a-half minute whiteboard animation video recently posted on YouTube calling brokers butchers and fiduciaries dietitians is drawing quite a bit of attention.
March 15, 2012
SEC Adds 130 Examiners for ‘Priority’ Areas: Exam Chief di FlorioCarlo 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.
March 15, 2012
What’s Behind Congressional Freeze on SEC Funding?In part one of a two-part series on the Bizarro World inside the beltway, a skeptical observer suggests theres a method to the madness of starving the SEC of what it needs to do its job.
March 13, 2012
Likely on Its Way: Greater Compliance Burden for AdvisorsA little historical perspective on investment advisor registration: past is prologue.
March 12, 2012
Morgan Stanley Team Goes Hybrid via LPLThe group, one of the largest teams in San Diego, left Morgan Stanley Smith Barney recently to set up an independent wealth-management firm, Ibis Capital. The firm plans to retain about 80 client relationships.
March 09, 2012
Bachus SRO Redraft Likely This Year: IAA’s Neil SimonTop lobbyist for Investment Adviser Association said Rep. Spencer Bachus will release this year revised legislation calling for a self-regulatory organization for advisors, though action may wait until new Congress in 2013.
March 08, 2012
SEC, Industry Experts Issue Stern Warnings to CCOsChief compliance officers received a number of stern warnings on Thursday during the Investment Adviser Associations annual compliance conference just outside Washington.
March 07, 2012
House GOP Rejects Frank Measure for SEC Funding BoostRepublican members of the House Financial Services Committee rejected, 25-17, an amendment introduced by Rep. Barney Frank, D-Mass., that called for approving President Barack Obamas proposed budget increase for the Securities and Exchange Commission in 2013.