Carolyn McCarthy

• 

  Rep. Bachus Tells Advisors to Police Themselves

  By John Sullivan, AdvisorOne  |  August 6, 2012

  Federal regulators “whose job is to enforce the law and protect investors from bad actors, often had no clue."

• 

  SEC Funding Boost ‘Not Going to Happen’: SRO Bill Co-Sponsor

  By Melanie Waddell, AdvisorOne  |  June 26, 2012

  Industry trade groups and consumer advocates opposed to House Financial Services Committee Chairman Spencer Bachus’ bill calling for a self-regulatory organization (SRO) to oversee advisors had their hopes quashed that the Securities and Exchange Commission (SEC) would receive a boost in funding in order to thwart an SRO.

• 

  SRO Bill May See July Vote; SEC Gets Glint of Hope for Extra Funds

  By Melanie Waddell, AdvisorOne  |  June 14, 2012

  Despite the fact that a late June markup of Rep. Spencer Bachus’ SRO bill was delayed, he still “intends to move the bill forward through committee,” says Dan Barry of FPA.

• 

  SEC Funding Boost ‘Not Going to Happen’: SRO Bill Co-Sponsor

  By Melanie Waddell, AdvisorOne  |  June 6, 2012

  Opponents of Rep. Spencer Bachus’ bill calling for a SRO to oversee advisors had their hopes that the SEC would receive a boost in funding in order to thwart an SRO quashed on Wednesday.

• 

  GAO Criticizes FINRA, SEC on Oversight

  By Arthur D. Postal  |  June 1, 2012

  Serious questions are being raised about the effectiveness of FINRA and whether the SEC spends enough time overseeing this self-regulatory agency.

• 

  Hearing on Bachus' SRO Bill Set for June 6

  By Melanie Waddell, AdvisorOne  |  May 22, 2012

  The House Financial Services Committee announced Wednesday that it will hold a hearing on June 6 on the redraft of Rep. Spencer Bachus’ bill calling for an SRO to oversee advisors.

• 

  Bachus Reintroduces SRO Bill

  By Melanie Waddell, AdvisorOne  |  May 22, 2012

  House Financial Services Chairman Spencer Bachus reintroduced in late April his draft bill calling for a self-regulatory organization (SRO) for advisors.

• 

  Some Questions—and Answers—on the Spencer Bachus SRO Bill

  By David Tittsworth, IAA  |  May 14, 2012

  Some of the answers: FINRA is the only viable option that has been identified as an SRO and, as Mercer Bullard commented, "the bill would impose a tax on small advisory businesses...and mainstream investors they represent."

• 

  Advisor Groups Refute FINRA’s Cost Estimates for SRO Role

  By Melanie Waddell, AdvisorOne  |  May 10, 2012

  The Boston Consulting Group released Thursday a review refuting FINRA’s cost estimates in assuming the role of an SRO for advisors, saying it underestimated costs and overestimated productivity.

• 

  NAPFA Names Ron Rhoades Chairman

  By Joyce Hanson, AdvisorOne  |  May 8, 2012

  On opening day of the 2012 NAPFA annual conference in Chicago, outgoing chairwoman Susan John named Ron Rhoades to succeed her as head of the fee-only planners group.