Reform proposals should not be drafted behind closed doors
This is not the first time the regulator has been called out on the makeup of its board.
Gains are unlikely to top 5% annually, according to the Yale Endowment's David Swensen.
Firms will be able to make it more difficult for advisers to leave, but as clients get wise to the idea they are regarded as property, that could trigger a whole new, set of problems for brokerage industry.
Provisions in the tax bill will affect advisers and their clients alike.
We are kidding ourselves if we think it doesn't happen in the financial advice profession, if we think we are somehow different from testosterone-driven Hollywood, the technology industry or even the broader financial services industry.
Perhaps if the time allotted is expanded, cooler heads will prevail.
With most firms operating at or near capacity, firms need to step up their hiring and concentrate on building a workforce for the future.
Registered investment advisers and broker-dealers must continue to upgrade their cyberdefenses if they wish to avoid finding themselves in hot water with investors and regulators.
Be glad we've got something to chew on, but don't cheer too loudly, too quickly.
