Top Dem calls for adviser oversight

Citing stats that every year, SEC examines just 9% of the roughly 11,000 RIAs under its purview, Maxine Waters, the top Democrat on the House financial committee, has renewed her call for action on adviser oversight. Question is, is anyone listening?
JUL 12, 2014

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SEC looks to revisit private fund investment rules
SEC looks to revisit private fund investment rules

The agency's new chairman Paul Atkins says "common-sense" review of 23-year-old restrictions could unlock the $31 trillion industry to more investors.

Commerce chief Howard Lutnick divesting ownership in Cantor Fitzgerald
Commerce chief Howard Lutnick divesting ownership in Cantor Fitzgerald

Lutnick’s exit from affiliated firms includes $361 million in stock sales and a family trust handoff.

S&P 500 slumps as Moody's US downgrade sinks in
S&P 500 slumps as Moody's US downgrade sinks in

A Friday evening markdown by the Big Four credit rating agency is compounding risks from tariff threats and long-simmering fiscal issues.

$23B RIA Summit Trail taps Jeff Ringdahl for president and COO role
$23B RIA Summit Trail taps Jeff Ringdahl for president and COO role

Veteran leader from Resolute Investment Managers breathes new life into the New York-based Dynasty Financial Partner firm's leadership.

Trump tax legislation gets green light to proceed to vote
Trump tax legislation gets green light to proceed to vote

Rare Sunday night panel meeting agrees to proceed.

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