House Financial Services Committee

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  Congress Must Fix Advisor Exams Now: SEC’s Walter

  By Melanie Waddell, AdvisorOne  |  April 17, 2013

  The switching of advisors from SEC to state oversight under the Dodd-Frank Act is not “the final answer” to ensuring advisors are adequately examined, SEC Commissioner Elisse Walter told state securities regulators.

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  Gridlock Easing in Congress, but Not in House Financial Services: Rep. Himes

  By Melanie Waddell, AdvisorOne  |  April 16, 2013

  While the icy stalemate in Congress is “beginning to thaw,” expect further gridlock on the House Financial Services Committee, Rep. Jim Himes, D-Conn., told state regulators Tuesday.

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  In Shift, Conservatives Line Up Against Big Banks

  By Gil Weinreich, AdvisorOne  |  April 12, 2013

  In the shifting alliances that are characteristic of politics, the presumed closeness of Republicans and Wall Street may be increasingly tested.

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  White Pledges to Weigh Cost of Fiduciary Rule as Ketchum Revives SRO Fight

  By Melanie Waddell, AdvisorOne  |  April 1, 2013

  Just as incoming Securities and Exchange Commission (SEC) Chairwoman Mary Jo White has pledged to lawmakers that she would carefully weigh the costs of a fiduciary rulemaking, Richard Ketchum, CEO of the Financial Industry Regulatory Authority (FINRA), is renewing his call for a self-regulatory organization to oversee advisors.

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  Black Caucus Members Balk at DOL Fiduciary Rule

  By Melanie Waddell, AdvisorOne  |  March 28, 2013

  The Congressional Black Caucus is warning the DOL that its plan to extend ERISA’s fiduciary standard to IRAs will hurt African-American savers.

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  NASAA’s Advocacy Agenda: Advisor Regulation, Fiduciary Duty, Arbitration

  By Heath Abshure, NASAA President  |  March 19, 2013

  Our agenda calls for Congress to ensure all investors are protected when receiving individualized investment advice. This revolves around two key issues.

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  CFP Board Hires Cranford as New Lobbyist

  By Melanie Waddell, AdvisorOne  |  March 18, 2013

  The CFP Board has beefed up its lobbying power by hiring Todd Cranford, who advised former Rep. Barney Frank, D-Mass.

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  NASAA to Push SEC User Fees, ‘Stay On Guard’ Against FINRA SRO

  By Melanie Waddell, AdvisorOne  |  March 5, 2013

  Chief among state securities regulators’ legislative agenda this year will be pushing SEC user fees, not a FINRA SRO, to better regulate advisors, NASAA President Heath Abshure said Tuesday.

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  SEC Issues Public Comment Request on Fiduciary Rule

  By Melanie Waddell, AdvisorOne  |  March 1, 2013

  Nearly a year after saying it would, the SEC on Friday published its request for public comment on its rule to put brokers under a fiduciary mandate.

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  SEC Budget Faces $108M Cut Under Sequester; House GOP Blasts SEC’s ‘Misplaced Priorities’

  By Melanie Waddell, AdvisorOne  |  February 27, 2013

  Republicans on the House Financial Services Committee criticized the agency Tuesday for “repeatedly failing to fulfill any part of its mission.”