Following an election that resulted in narrow Democratic majorities in the House and Senate, it will be difficult for the U.S. Congress to advance major financial-reform legislation. Therefore, the focus this year will be on the Securities and Exchange Commission, which will have a Democratic majority on its five-member panel during the Biden administration, according to panelists on a Feb. 18 InvestmentNews webinar.
“The primary focus of Congress will be to provide political space for [Biden’s] new regulators to operate and to shine a light on the work the SEC and [Consumer Financial Protection Bureau] can do to make things better for investors and consumers,” said Maryland Securities Commissioner Melanie Senter Lubin.
Ken Bentsen Jr., chief executive of the Securities Industry and Financial Markets Association, and Barbara Roper, director of investor protection at the Consumer Federation of America, were the other two panelists on the one-hour webcast.
[Watch: View the entire one-hour webcast]
Among the topics covered in the wide-ranging conversation were:
Following Wall Street Journal reporting from unnamed sources, the Chicago-based financial giant stressed its commitment to "delivering long-term value to our stakeholders."
The advisor, Andrew Nash of El Capitan Advisors, used the funds to buy a house, according to the SEC.
The digital investment platform's announcement of a confidential submission to the SEC comes amid a broader trend of consumer fintech firms going to market.
The Canadian startup's latest funding round, raising $60 million from the banks and other investors, is set to fuel its continued expansion into the US.
Carson's latest addition in Salt Lake City continues its strategy of buying out successful and growing Carson Wealth locations.
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.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
