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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.
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By Janet Levaux, AdvisorOne |
April 27, 2012
The commissioner tells the IAA that he also believes in the strictest definition of fiduciary and sees his role as protecting the interests of "hardworking" investors.
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By Melanie Waddell, AdvisorOne |
April 25, 2012
House Financial Services Chairman Spencer Bachus reintroduced on Wednesday his draft bill calling for an SRO for advisors—one week after industry sources told AdvisorOne that an SRO bill was imminent.
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By Melanie Waddell, AdvisorOne |
March 30, 2012
Seven leading consumer and industry groups supporting a uniform fiduciary duty provided the SEC on Thursday with a “roadmap” for resolving the debate about how to create that rule.
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By Melanie Waddell, AdvisorOne |
January 20, 2012
January 21 marks the one-year anniversary of the SEC handing over to Congress its report under Section 913 of Dodd-Frank recommending that brokers adhere to a fiduciary duty.
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By Melanie Waddell, AdvisorOne |
January 13, 2012
SEC Chairman Schapiro says agency's economists plan to ask public for more data on retail financial advice. How long will this take?
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By Melanie Waddell, AdvisorOne |
December 28, 2011
Rep. Barney Frank, the straight-talking Massachusetts Democrat who serves as ranking member on the House Financial Services Committee, announced in late November that he won’t seek re-election and plans to retire from Congress at the end of 2012.
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By Melanie Waddell, AdvisorOne |
December 28, 2011
While SEC Chairman Mary Schapiro said in mid-December comments first reported on Bloomberg that the agency would issue a proposed fiduciary rule this year, she also stated in the Bloomberg interview that a fiduciary rule proposal will be “business model neutral” and allow brokers working with retail investors to sell...
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By Melanie Waddell, AdvisorOne |
December 20, 2011
The regulatory/legislative front will heat up in the New Year for advisors, with four issues taking center stage—the SEC and DOL's fiduciary rules, an SRO for advisors and the 'switching' of advisors.
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By Melanie Waddell, AdvisorOne |
December 15, 2011
The report, conducted by BCG and funded by advisor groups and TD Ameritrade, was released before a House panel vote on a spending bill that included a $136 million increase for SEC funding.
