Senate Banking

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  Senate Hearing on Dodd-Frank: Schapiro, Regulators Say Implementation Moving at Brisk Pace

  By Melanie Waddell, AdvisorOne  |  September 30, 2010

  The nation's top regulators told lawmakers on Thursday that they were working at break-neck speed to implement the scores of new rules, and to conduct the many studies, that were required under the Dodd-Frank Act.

• Dodd: More Legislation Needed After Stanford Ponzi Scheme IG Report

  By Melanie Waddell, AdvisorOne  |  September 23, 2010

  Members of a Senate Banking Committee questioned the SEC Inspector General on Wednesday regarding the IG's report which found that it took the securities regulator 12 years to put a stop to Robert Stanford's $8 billion Ponzi scheme.

• Senate to Explore Expansion of Covered Bonds in U.S.

  By Melanie Waddell, AdvisorOne  |  September 10, 2010

  Christopher Dodd (D-Connecticut), Senate Banking, Housing and Urban Affairs Committee Chairman, plans to hold a hearing on Wednesday, September 15, to explore the possible expansion of covered bonds in the United States.

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  Retained Asset Accounts Is Focus of Senator Shelby's September Hearing

  By Melanie Waddell, AdvisorOne  |  August 16, 2010

  NAIC working group releases consumer alert on the accounts.

• Next Steps for Congressional Action

  By Melanie Waddell, AdvisorOne  |  June 1, 2010

  As Investment Advisor went to press in mid-May, lobbyists and Congressional staffers were optimistic that the Senate would finish a vote on Senator Christopher Dodd's...

• Cloture Vote Fails in Senate on Dodd Bill; 2d Vote Expected Later in Week

  By Melanie Waddell, AdvisorOne  |  April 26, 2010

  Senate Republicans block debate on the financial services reform bill April 26, the GOP also vowed the same day to introduce an alternative financial services reform bill. A second vote is expected this week following more negotiations

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  Investors Will See the Light

  By Kathleen McBride, AdvisorOne  |  March 29, 2010

  It may well be that a "study" of whether brokers should put their clients' interests first will call even more attention to the differences between those who put client's interests first and those who don't have to.

• Will Dodd's Legacy be Anti-Investor, Pro Broker and Insurer?

  By Kathleen McBride, AdvisorOne  |  March 7, 2010

  A report notes that "Senate Banking committee members have received $41.9 million in campaign contributions from PACs and individuals in the financial sector since 2005."

• Washington Watch: Fiduciary Wrangling Resumes

  By Melanie Waddell, AdvisorOne  |  February 1, 2010

  The fiduciary battle is kicking into high gear. Advisor trade groups as well as state securities regulators and investors rang in the New Year by...

• Danger & Opportunity: Staggering Toward Reform

  By Melanie Waddell, AdvisorOne  |  December 1, 2009

  As we enter the final month of 2009, the financial services industry anticipates some type of reform from Washington by year-end, but the consensus is...