Scott Garrett

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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.

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  Despite Fiduciary Critics, Schapiro and Borzi Charge Ahead

  By Melanie Waddell, AdvisorOne  |  August 24, 2011

  Two of the nation’s top regulators—Mary Schapiro and Phyllis Borzi—continue to face a barrage of criticism over their decision to do what they believe is best for investors: expanding the definition of who’s a fiduciary.

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  Bachus Blasts SEC as ‘Flawed,’ Pushes Restructuring Bill

  By Melanie Waddell, AdvisorOne  |  August 2, 2011

  House Financial Services Committee Chairman Spencer Bachus, R-Ala., says he is drafting legislation to restructure the Securities and Exchange Commission.

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  Madoff 'Feeder Fund' Settlement Reached

  By Melanie Waddell, AdvisorOne  |  July 28, 2011

  Irving Picard, trustee for the SIPA liquidation of Bernie Madoff's firm, announced Thursday that he had reached a $1 billion settlement with Madoff 'feeder funds.'

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  Bill for Covered Bond Market in U.S. Wins House Panel’s Bipartisan Support

  By Joyce Hanson, AdvisorOne  |  June 24, 2011

  A covered-bond bill that could introduce a significant funding for U.S. mortgages, based on a European model, won bipartisan approval from a House panel.

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  Rep. Garrett Prods GAO to Study SIPC Trustee's Handling of Madoff Liquidation

  By Melanie Waddell, AdvisorOne  |  June 7, 2011

  Rep. Scott Garrett, chairman of the House Financial Services Subcommittee on Capital Markets, is calling on the GAO to investigate SIPC Trustee Irving Picard’s handling of the Madoff liquidation, as well as the SEC's oversight of the matter.

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  Does the Fiduciary Standard Cost Too Much? Not So Fast

  By Knut A. Rostad  |  June 7, 2011

  Washington's search for new ways to pay for government, is a good omen for the fiduciary standard, particularly the arguments that it’s “too costly.”

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  Rep. Garrett Prods CFTC's Gensler on Dodd-Frank Derivatives Rules

  By Melanie Waddell, AdvisorOne  |  June 3, 2011

  Garrett, chair of House Capital Markets subcommittee, asks CFTC chair to reply to extensive list of 12 questions by June 10.