Senate Banking Committee

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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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  White Gets Senate Banking Nod to Be Next SEC Chief

  By Melanie Waddell, AdvisorOne  |  March 19, 2013

  Her nomination now goes to the full Senate, where it is expected to meet little resistance.

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  SEC to ‘Customize’ Sanctions

  By John Sullivan, AdvisorOne  |  March 13, 2013

  The commission is responding to criticism that it is too lax in its enforcement and its bans are too broad.

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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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  Mary Jo White to Focus on Fiduciary Issue at SEC

  By Melanie Waddell, AdvisorOne  |  March 11, 2013

  Mary Jo White plans to testify before Senate Banking on Tuesday that regulating advisors and BDs is an "important" issue that she intends to focus on as SEC chairwoman.

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  SRO Is Key to Boosting Advisor Exams: Former SEC Chief Pitt

  By Melanie Waddell, AdvisorOne  |  March 7, 2013

  The SEC “can’t handle” examining advisors, Harvey Pitt said at the Investment Adviser Association conference.

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  Mary Jo White Hearing Set for March 12

  By Melanie Waddell, AdvisorOne  |  March 6, 2013

  The Senate Banking Committee will hold a hearing Tuesday to consider the nomination of Mary Jo White as the next SEC chairwoman.

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  SEC Issues Public Comment Request on Fiduciary Rule

  By Melanie Waddell, AdvisorOne  |  March 1, 2013

  Nearly a year after saying it would, the SEC on Friday published its request for public comment on its rule to put brokers under a fiduciary mandate.

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  SEC Budget Faces $108M Cut Under Sequester; House GOP Blasts SEC’s ‘Misplaced Priorities’

  By Melanie Waddell, AdvisorOne  |  February 27, 2013

  Republicans on the House Financial Services Committee criticized the agency Tuesday for “repeatedly failing to fulfill any part of its mission.”