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By Kenneth Silber |
May 24, 2012
This year’s congressional elections hold considerable potential to reshuffle power on Capitol Hill.
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By Melanie Waddell, AdvisorOne |
March 27, 2012
Americans for Financial Reform is coming out against the Swaps Jurisdiction Certainty Act, which was being marked up Tuesday by the House Financial Services Committee.
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By Melanie Waddell, AdvisorOne |
March 26, 2012
One day after Allen Stanford was convicted on March 6 of operating a $7 billion Ponzi scheme, the CEO of the Securities Investor Protection Corp. (SIPC) told lawmakers that SIPC is not responsible for reimbursing Stanford investors for their losses.
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By Melanie Waddell, AdvisorOne |
February 17, 2012
The SEC, in a bill introduced by Rep. Scott Garrett, R-N.J., and in accordance with Obama’s executive order, would have to conduct robust cost-benefit analysis on each new rule.
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By Melanie Waddell, AdvisorOne |
January 23, 2012
House Financial Services Chairman Spencer Bachus’ recent announcement that he will leave his post likely when a new Congress convenes could prompt him to move quickly in pushing through his committee a redraft of his SRO bill.
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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 |
January 4, 2012
President Barack Obama on Wednesday named Richard Cordray through a recess appointment as the director of the Consumer Financial Protection Bureau, a move that Senate Republicans cried is unconstitutional.
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By Melanie Waddell, AdvisorOne |
November 15, 2011
Acting FHA Commissioner Carol Galante told reporters on Tuesday that “while the FHA is facing the most severe economic conditions,” the FHA’s “Mutual Mortgage Insurance (MMI) fund capital balance remains in positive territory and its programs are actuarially sound.”
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By Melanie Waddell, AdvisorOne |
November 9, 2011
A new draft of Rep. Spencer Bachus’ bill calling for an SRO for advisors is expected to be out 'very soon,' David Tittsworth, executive director of the Investment Adviser Association told AdvisorOne Wednesday.
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By Melanie Waddell, AdvisorOne |
October 3, 2011
Rep. Scott Garrett, R-N.J., told SEC Chairman Mary Schapiro in a letter on Monday to wait on final action in reconsidering the SEC’s position on 'net equity' in the Bernie Madoff case until after the GAO publishes its report evaluating the actions of the SIPC and its trustee.
