Jack Reed

• Senators Scrutinize ETFs

  By Ron DeLegge, ETFguide.com  |  November 23, 2011

  The expanding world of ETFs made its way to Capitol Hill on October 19, with a Senate Hearing titled “Market Microstructure: Examination of Exchange-Traded Funds (ETFs).” The purpose of the meeting was to analyze the impact of ETFs on the financial markets.

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  SEC Sees No Way to Adequately Examine Advisors, Senators Told

  By Melanie Waddell, AdvisorOne  |  November 16, 2011

  Carlo di Florio, director of the SEC's Office of Compliance Inspections and Examinations, said the agency “will not have sufficient capacity in the near or long term to conduct effective examinations of registered investment advisors with adequate frequency.”

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  Senate to Grill SEC Chiefs at Oversight Hearing

  By Melanie Waddell, AdvisorOne  |  November 10, 2011

  A Senate Banking Subcommittee plans to hold a hearing on Nov. 16 on management and structural reforms at the SEC, with Robert Khuzami and others facing off with the Senators.

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  SEC Assessing ETFs’ Effect on Market Volatility, Rominger Tells Senate

  By Melanie Waddell, AdvisorOne  |  October 19, 2011

  The director of the SEC's Division of Investment Management told a Senate panel that the commission was reviewing the adequacy of investor disclosure about the ETFs, their liquidity and whether they contribute to market volatility.

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  Senate Democrats: GOP Cuts to SEC Could Mean Another Madoff

  By John Sullivan, AdvisorOne  |  June 28, 2011

  Top Senate Democrats sent a letter to the leader of the House Appropriations Committee House appropriators on Tuesday criticizing Republican’s proposed cuts to the SEC, calling them “unacceptable and counterproductive.”

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  Schapiro Tells Senate SEC Needs Funds, CRs Hinder Work

  By Marlene Y. Satter, AdvisorOne  |  March 10, 2011

  Thursday’s hearing before the Senate Committee on Banking, Housing, and Urban Affairs put Mary Schapiro, chairman of the SEC, in the hotseat as committee members voiced their views on the need for funding, and heard her testimony regarding the proposed 2012 budget and how it would affect the agency.

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  SEC Is Woefully Understaffed to Fulfill Dodd-Frank, Review Reportedly Finds

  By Melanie Waddell, AdvisorOne  |  March 7, 2011

  As Congress readies to hold hearings on the SEC's budget, a preliminary review mandated by the Dodd-Frank Act has reportedly found that the SEC is woefully understaffed.

• Dodd Bill: Industry Groups See Worms In That Can

  By Arthur D. Postal  |  November 11, 2009

  The Restoring American Financial Stability Act of 2009 discussion draft is long enough to have room for many troubling provisions, insurance industry Congress watchers say.

• Ratings Agencies Culprits in Subprime Fiasco

  By Melanie Waddell, AdvisorOne  |  September 26, 2007

  The nation's credit ratings agencies did indeed have a role to play in the subprime lending fiasco, members of the Senate Committee on Banking, Housing and Urban Affairs said during a hearing September 26.