Keeping an eye on Washington

APR 01, 2011
By  MFXFeeder
Six measures that could affect the mutual fund industry: 1. Mutual funds or fund companies could be designated systemically important financial institutions by the Financial Stability Oversight Council, bringing with it regulation by the Fed and substantial capital requirements. 2. Provisions in Dodd-Frank could bring transparency to opaque investments such as interest rate swaps. 3. Under a recent SEC rule, credit ratings will not be used to determine whether investments meet minimum credit risks, making it harder to determine creditworthiness. 4. Hedge fund advisers who have to register with the SEC may decide that if they are going to be regulated, they might as well start a mutual fund, increasing competition for existing funds. 5. Under a proposal by the President's Working Group on Financial Markets, a bank would be established to buy securities from money market funds, limiting liquidity concerns during periods of financial stress. 6. The SEC's efforts to eliminate or change 12(b)-1 fees have been put on the back burner.

Latest News

Advisor moves: LPL welcomes $750M Osaic team, Raymond James recruits Wells Fargo duo in New York
Advisor moves: LPL welcomes $750M Osaic team, Raymond James recruits Wells Fargo duo in New York

Elsewhere in Utah, Raymond James also welcomed another experienced advisor from D.A. Davidson.

UBS loses arbitration battle in fiduciary fight over foundation funds
UBS loses arbitration battle in fiduciary fight over foundation funds

A federal appeals court says UBS can’t force arbitration in a trustee lawsuit over alleged fiduciary breaches involving millions in charitable assets.

RIA moves: NorthRock adds $800M Parkside Advisors, NFP acquires Levine Group in Tennessee
RIA moves: NorthRock adds $800M Parkside Advisors, NFP acquires Levine Group in Tennessee

NorthRock Partners' second deal of 2025 expands its Bay Area presence with a planning practice for tech professionals, entrepreneurs, and business owners.

Three easy ways to boost your firm’s impact this summer
Three easy ways to boost your firm’s impact this summer

Rather than big projects and ambitious revamps, a few small but consequential tweaks could make all the difference while still leaving time for well-deserved days off.

Hightower taps Osaic alum Scott Hadley as first chief advisory officer, expands C-suite
Hightower taps Osaic alum Scott Hadley as first chief advisory officer, expands C-suite

Hadley, whose time at Goldman included working with newly appointed CEO Larry Restieri, will lead the firm's efforts at advisor engagement, growth initiatives, and practice management support.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.