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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.

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SEC targets marketing rule, advisor compensation, complex products in 2024

'What they’re seeing is a need for increased disclosures and transparency to the investors,' a compliance expert says.

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Advisors encourage clients to establish emergency savings funds

Fidelity survey says lack of money for a rainy day is a major source of stress. 'We always recommend having an emergency fund, whether [clients] need it or not,' an advisor says.

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SEC orders firm to pay $1.3M for failing to disclose conflicts related to high-cost funds

'If you’re an investment advisor and you’re not putting your clients in the lowest-cost share class, then you’re running the risk of a fiduciary failure,' an expert says.

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Judge lets Finra proceed with enforcement action against broker

'If Finra doesn’t have the ability to enforce its own rules and discipline its members, then chaos will reign,' says PIABA President Hugh Berkson.

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SEC AI proposal would hurt retirement savers, industry group warns

Some trade associations want the SEC to withdraw the measure. 'There is nothing for the chairman to do other than throw it in the garbage,' says the head of the American Securities Association.

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Arbitrators order losing investors to pay more than $2M in attorneys’ fees, costs

'That is about as cataclysmic an outcome as a claimant can have in a Finra arbitration,' says an attorney not involved in the case.

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FPA launches program to attract members from Ameriprise

An advocate questions whether the CFP credential's fiduciary obligation can apply in a firm where advisors are dually registered.

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House turmoil not likely to quiet GOP critics of SEC rule proposals        

'This is a transition of leadership,' says a former Democratic Senate staffer. 'It's business as usual with respect to oversight of the SEC.'

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Advisors give here-we-go-again shrug to potential government shutdown

'It feels like déjà vu,' says one advisor. 'This is what they do every time.' The SEC would have to furlough the vast majority of its staff, bringing enforcement and exams almost to a halt.

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SEC fines Deutsche Bank subsidiary $19M for not keeping ESG promises

'The industry deserves to have the scrutiny that’s being placed on it,' says Ethan Powell, founder and CEO of Impact Shares.