Scott Garrett

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  SRO Bill’s Redraft Hangs in Balance With Bachus to Leave House Panel’s Helm

  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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  Timing of SEC Fiduciary Rule in Flux

  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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  Obama Uses Recess Appointment to Name Cordray to Head CFPB

  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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  FHA Reserves Hit Bottom, but Rebound Expected

  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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  Revised SRO Bill by Bachus Out ‘Very Soon,’ Says IAA’s Tittsworth

  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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  Rep. Garrett to SEC: Wait on 'Net Equity' in Madoff Liquidation

  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.

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  SRO Bill May Arrive This Fall

  By Melanie Waddell, AdvisorOne  |  October 1, 2011

  Lawmakers and industry officials debated the merits in mid-September of whether there should be a self-regulatory organization (SRO) for advisors, and at least one industry official says to expect SRO legislation from the House this fall.

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  In Switch, Bachus Backs More SEC Funds for Dodd-Frank

  By Melanie Waddell, AdvisorOne  |  September 15, 2011

  Increased funding for the Securities and Exchange Commission is likely on its way. Rep. Spencer Bachus, R-Ala., chairman of the House Financial Services Committee, said during a hearing on Thursday.

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  Ketchum Says FINRA Ready to Be Advisor SRO

  By Melanie Waddell, AdvisorOne  |  September 13, 2011

  Just days after House Financial Services Chairman Spencer Bachus, R-Ala., introduced draft legislation calling for one or more SROs for advisors, Rick Ketchum, CEO of FINRA, told lawmakers at a Tuesday hearing to discuss the draft bill that FINRA stands ready to take on that role.

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  SRO Bill Likely to Follow Sept. 13 House Hearing

  By Melanie Waddell, AdvisorOne  |  August 29, 2011

  Washington insiders say that after the capital markets subcommittee, chaired by Rep. Scott Garrett, R-N.J., holds its SRO hearing, legislation is likely to follow.