Displaying 30 results
Bipartisan lawmakers bash Finra
Finra CEO Robert W. Cook defended the broker-dealer self-regulator, citing efforts to rein in firms with long disciplinary histories and protect senior investors.
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.'
House grills Gensler over shutdown, CAT and climate rule
Members of the House Financial Services Committee spent hours criticizing or praising the SEC's work under Chair Gensler.
Bipartisan House members press SEC official to drop mutual fund reform proposal
Lawmakers say changes would hurt retirement investors. They also raise concerns about a proposal to curb advisor conflicts related to AI.
Powell sees more rate hikes ahead
The timing of additional increases will be based on incoming data, Powell said in his opening statement.
House GOP turns up heat on SEC Chair Gensler
Legislation introduced this week would restructure the agency and remove Gensler from its helm. Two subcommittees will grill agency officials on Thursday.
Bill to ease regulatory burden on small advisors sails through committee
The SEC's current definition of small advisors is 'antiquated,' which means the agency's regulations are not properly calibrated for such firms, the Investment Adviser Association said.
Top Democrat opposes bill facilitating e-delivery of investment documents
Rep. Maxine Waters, D-Calif., said she's worried that seniors who aren't tech savvy may not be able to opt out and receive paper disclosures.
House committee OKs bills expanding pool of sophisticated investors
The legislation would amend the definition of accredited investor to include people who have certain licenses, education or experience.
GOP seeks to open private markets; Democrats might be willing to talk
A House subcommittee considers GOP measures that would amend accredited-investor rules. The ranking Democrat said 'fiduciary' advisors could help retail investors become sophisticated vicariously.
Fierce opponent of DOL fiduciary rule and defender of Reg BI to chair House subcommittee
Rep. Ann Wagner, R-Mo., will lead the House Financial Service Subcommittee on Capital Markets, which oversees the SEC and works on policies related to investor protection and capital formation.
Diversity imperatives snapped into focus
Accountability for fulfilling vows of diversity and inclusion has been scarce, but a spate of new scholarship and outreach programs signaled progress.
Lawmakers, Finra increase scrutiny of cryptocurrency
The regulator has launched an exam sweep of brokerages' communications with customers about digital assets, while the House Financial Services Committee plans to hold a hearing on the FTX bankruptcy.
Democrats won’t lose SEC majority on election night
That's why Chairman Gary Gensler will be able to proceed with his agenda, experts says. But he'll get plenty of GOP pushback for being too aggressive.
House GOP uses SEC comment glitch to question agency’s agenda
Republicans on the House Financial Services Committee give a preview of the pressure they're likely to apply to SEC Chairman Gary Gensler if the party takes over the House in the midterm elections.
CEO Scharf sees ‘several years’ of regulatory work ahead for Wells Fargo
The bank remains committed to turning itself around after a series of scandals, but implementing all its plans will take time, Scharf said in prepared testimony for a congressional committee hearing.
Insurers talk big, spend small with diverse asset management firms
The largest American insurance companies have uneven track records with diversity when it comes to selecting asset managers.
Sharp exchanges at hearing illuminate debate on SEC’s oversight of ESG
GOP lawmaker grills SEC Enforcement Director Gurbir Grewal on how the agency can crack down on ESG when there's no regulatory definition of ESG.
SEC enforcement will help ensure Reg BI delivers on investor protection: Grewal
The first Reg BI enforcement action, filed last month, won't be the last, division director Gurbir Grewal told lawmakers.
Bipartisan Senate bill targets senior financial exploitation
Legislation would establish a program that provides $10 million annually to states to investigate, prosecute abuse.
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