South Dakota

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  Fed Asks Congress to Ease Lending Standards and Housing Inventory

  By Gil Weinreich, AdvisorOne, James J. Green, AdvisorOne  |  January 5, 2012

  Quincy Krosby, chief market strategist for Prudential Annuities, thinks the 'Fed will probably give us QE3' this year, but will focus on buying mortgage-backed securities rather than Treasuries.

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  Senators Cite Deficiencies in FHFA's Oversight of Fannie and Freddie

  By Melanie Waddell, AdvisorOne  |  December 13, 2011

  As part of an ongoing series of hearings on how to reform housing finance, the Senate Banking Committee heard testimony on Tuesday from the Federal Housing Finance Agency’s first inspector general, Steve Linick.

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  Senators Bash CFTC’s Gensler Over MF Global Collapse

  By Melanie Waddell, AdvisorOne  |  December 6, 2011

  Senate lawmakers took Gary Gensler, chairman of the CFTC, to task over failed brokerage firm MF Global and his decision on Nov. 5 to recuse himself from investigating the firm.

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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.

• Unfinished Business: Advisors Debate Fiduciary Standard, SRO

  By Melanie Waddell, AdvisorOne  |  November 1, 2011

  As we near the end of 2011, two of the top issues for the advisory industry remain unresolved: a fiduciary mandate for brokers and a SRO for advisors.

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  Senate Republicans on Finance Committee Urge Deficit Panel to Make Changes

  By Melanie Waddell, AdvisorOne  |  October 14, 2011

  Republican senators' recommendations to the Joint Select Committee on Deficit Reduction include repealing the Alternative Minimum Tax and the health-care law and reforming Social Security.

• Senate Banking Panel OKs Cordray to Lead Consumer Agency

  By Melanie Waddell, AdvisorOne  |  October 6, 2011

  The Senate Banking Committee on Thursday approved, by a party line vote of 12-10, the nomination of Richard Cordray as director of the Consumer Financial Protection Bureau. The nomination now goes to the full Senate.

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  As NASAA’s New President, My Top Priorities: SRO and ‘The Switch’

  By Jack Herstein, NASAA  |  October 3, 2011

  It looks like Rep. Bachus’ draft SRO bill would nationalize the regulation of small- and mid-sized advisors. NASAA believes this would be a costly mistake that will not benefit Main Street investors.

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  Senate Banking's Shelby Floats Cost-Benefit Bill

  By Melanie Waddell, AdvisorOne  |  September 22, 2011

  Sen. Richard Shelby, R-Ala., ranking GOP member on the Senate Banking Committee, introduced a bill on Thursday that requires financial regulators, like the SEC, to provide rigorous and consistent economic analyses on new rules they propose.