Displaying 37 results
Despite SEC’s novel alignment on bitcoin ETF, it’s business as usual in regulatory politics
'This vote is not going to usher in a new era of strange alliances on votes on rulemakings or other applications to list and trade products,' says a securities lawyer. But staving off potential court intervention may shape upcoming final rules.
Fiduciaries must show they can serve Main Street investors to win DOL rule debate
'They’re making x dollars in a brokerage account,' says advisor. 'Just charge the client x but give them fiduciary advice for that x.'
Tribalism threatens the DOL investment advice rule
'The best kind of regulation is when the private sector works with regulators to craft regulation that is efficient, effective, workable and narrowly targeted,' says the architect of the Obama DOL's fiduciary rule.
Political clock ticks as Labor readies next version of fiduciary rule
The measure is likely to make a rollover recommendation a fiduciary act. But if the agency doesn't complete the measure soon, it's vulnerable to being overturned by the next Congress and White House.
Tax cuts vs. debt reduction: GOP presidential debate illustrates conundrum
'We need to address the looming debt and quit kicking the can down the road,' one advisor says.
Investment advisor numbers escalate while ideas for stronger oversight remain stuck
Should the SEC turn to a third-party organization to help it increase the number of exams?
Democratization of markets doesn’t mean all investors should vote for private placements
Investor harm is occurring among so-called sophisticated investors, and strong guardrails must be put in place if access to unregistered securities becomes easier for retail investors.
These 2 state regulators are financial markets’ first responders when trouble strikes
William Galvin and Joseph Borg find and respond to violations at the ground level, where their constituents are harmed.
Opponents of DOL ESG rule violate fiduciary duty to retirement savers
In an effort to prove they're anti-woke, Republicans are ignoring risk factors that could affect returns, not to mention market signals.
Hundreds of pages of regulations amount to nothing until they’re enforced
We don't know how Reg BI or the CFP credential's fiduciary standard work in practice because there has been no substantial punishment for violating them.
Hey, can the SEC really do that?
It’s the central question for the GOP and industry lobbyists as Congress takes a larger role in regulating the regulator.
Omnibus includes index-linked annuities legislation, other stocking stuffers
Several policies that affect advisers — in addition to the SECURE 2.0 retirement-savings bill — catch ride on last vehicle moving through Congress this year.
Like sand through an hourglass: Gensler puts ‘intermediaries’ in regulatory crosshairs
The SEC chairman wants to reduce the costs of the men and women in the middle of the market. That means you, InvestmentNews readers.
Republicans, Democrats could agree on some adviser issues after midterm elections
There's some chance that members of both parties will want to open private markets to more ordinary investors.
Why has Knut Rostad lost faith in the SEC?
During Fiduciary September, the head of the Institute for the Fiduciary Standard worries that the SEC is eroding the standard.
Legislation affecting advisers takes the long and winding road through Congress
Investment advisers would have to establish anti-money laundering programs under a provision tucked into the bowels of the National Defense Authorization Act. It's another example of the breakdown of regular order on Capitol Hill.
Policy trumps democracy for most lobbyists ahead of midterms
Many trade groups representing financial advisers have donated to at least one lawmaker who objected to certifying the 2020 presidential election.
Florida’s financial literacy push is a teaching moment for advisers
The FPA of Florida spent years promoting a personal finance requirement in the state's high schools. The effort came to fruition when it was least expected.
Pro bono work gives advisers way to go beyond helping the rich get richer
The payoff for pro bono work doesn't show up on the bottom line. It’s in the returns you get from touching someone’s life at a vulnerable moment.
Hey SEC, please clarify fiduciary duty so I can enjoy college hoops again!
I was watching my alma mater play a crucial conference game when a commercial from a financial firm sparked a debate on fiduciary duty.
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