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Mark Schoeff Jr.

Mark Schoeff Jr. is a senior reporter at InvestmentNews. Based in Washington, D.C., he covers legislation and regulations affecting retail investment advisers and brokers. Prior to joining InvestmentNews in 2010, he wrote about employment and labor law for Workforce Management, a magazine that was published at the time by Crain Communications. He is a member of the National Press Club board. Before migrating to the editorial side of the journalism ecosystem, he served as press secretary for the late Sen. Richard Lugar of Indiana and as director of external relations for the Center for Strategic and International Studies, a think tank in Washington. In a region where people keep their hometown loyalties intact, he has lived in the Washington area long enough to become an actual fan of the Nationals, Wizards, Capitals and the Washington Football Team. He earned a bachelor’s degree from Purdue University and a master’s degree from George Mason University.

Displaying 3395 results

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Senate Democrats take aim at ‘buy, borrow, die’ with latest billionaires tax

'The loophole they’re talking about isn’t only used by billionaires,' advisor warns.

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SEC wrestles with how to open private-market door to ordinary investors

RIAs could serve as a portal to private placements for their clients, says member of an SEC advisory committee.

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Young advisors welcome AI, but regulatory concerns restrict its use

'We all have too much to lose in reputation,' warns one CEO. 'It’s not worth it.'

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DOL proposal starts where Reg BI stops

Opponents say the DOL’s proposed rule overrides Reg BI by imposing fiduciary duty on brokers working with retirement savers. Backers say the measure fills in Reg BI’s gaps in investor protection.

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Brokerage industry applauds, PIABA criticizes approval of remote inspection proposals

'It's supervision by Zoom,' PIABA says, while Finra says the new rules reflect hybrid work arrangements while protecting investors.

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SEC orders brokerage, two reps to pay $1 million for Reg BI violations

'The strategy involved frequent in-and-out trades that placed the broker’s interest in generating commissions and fees ahead of the customers’ interest in making a profit,' the SEC order states.

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Finra performance advertising proposal helps it keep pace with SEC marketing rule

'There seems to be a little more detail in the Finra rule about the guardrails on the use of the projections,' a compliance lawyer says.

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Garrett again battles for DOL rule 

Sheryl Garrett, founder of the Garrett Planning Network, got a shout-out from President Obama in 2015 when he introduced a Department of Labor fiduciary rule. Now she’s joining the fight to support the Biden administration’s proposal.

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Morgan Stanley to pay 6 states $6.5M for failing to protect customer data

About 15 million clients' details were exposed after information was left on decommissioned computers.

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Provisions to kill DOL fiduciary proposal add to uncertainty

The Department of Labor stopped another financial industry attempt to slow the measure by declining to extend the public comment deadline of Jan. 2.