Jack Reed

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  Obama Names Replacements for SEC’s Walter, Paredes

  By Melanie Waddell, AdvisorOne  |  May 24, 2013

  Kara Stein of Sen. Jack Reed’s office will replace Walter, while Senate Banking economist Mike Piwowar will replace Paredes.

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  SEC Comings and Goings: Canellos, Ceresney Named Co-Heads of Enforcement

  By Melanie Waddell, AdvisorOne  |  April 22, 2013

  SEC Chairwoman Mary Jo White has named her former colleague Andrew Ceresney and acting enforcement director George Canellos co-directors of the enforcement division.

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  White Sworn In as SEC Chief; Walter, Paredes Likely Leaving SEC Soon

  By Melanie Waddell, AdvisorOne  |  April 10, 2013

  Interim Chairwoman Elisse Walter will remain at the agency as a commissioner, but it doesn't look like she'll be there for long, David Tittsworth of IAA said.

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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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  Senate Banking Chief Johnson Announces Retirement

  By Melanie Waddell, AdvisorOne  |  March 26, 2013

  Sen. Tim Johnson, D-S.D., chairman of the Senate Banking Committee, announced Tuesday that he would not run for re-election when his term ends in 2014.

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  Mary Jo White Commits to Reviewing Fiduciary Comments

  By Melanie Waddell, AdvisorOne  |  March 12, 2013

  Mary Jo White told the Senate Banking Committee on Tuesday that she would “commit” to reviewing the request for public comment on the agency’s fiduciary rule before releasing a proposal.

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  The Penalty Box: Would Stiffer SEC Fines Make Evildoers Think Twice?

  By Bob Clark, AdvisorOne  |  July 25, 2012

  An upcoming bill would raise the penalties the SEC can impose on financial ne'er-do-wells. Maybe Congress’ time would be better spent increasing the likelihood that the SEC will catch anyone—by, oh, I don’t know, maybe increasing their funding?

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  IPOs Thaw After Facebook Freeze, but Congress Still Feels Chill

  By Joyce Hanson, AdvisorOne  |  June 22, 2012

  Stock IPOs have finally started to show signs of thawing after last month’s Facebook fiasco, but bipartisan groups in Congress say the IPO process is in dire need of reform.

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  SEC’s Schapiro: Money-Market Funds’ Stable NAV Is a ‘Fiction’

  By Melanie Waddell, AdvisorOne  |  June 21, 2012

  SEC Chairwoman Mary Schapiro reiterated to senators Thursday that further reforms to money-market funds are necessary, saying the funds still “pose a significant risk” to the nation’s economy.

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  Bachus SRO Redraft Likely This Year: IAA’s Neil Simon

  By Melanie Waddell, AdvisorOne  |  March 9, 2012

  Top 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.