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Stevens led ICI through era of turbulent policy, strong growth in mutual funds
As he announces his retirement, Stevens defines the trade association’s hallmark during his tenure: ‘We try to bring facts to the table.’
5 misimpressions drive baseless warnings for mutual fund industry
Mutual fund industry tipping point spurs fear mongering about its supposed implications.
The longest bull market in history can’t shake the skeptics
Investors abandon equity mutual funds as the S&P 500 logs a 16% gain.
Clayton hints Reg BI may be out earlier than expected
SEC chair didn't offer details but seemed to suggest that a final rule was imminent.
Wells Fargo spends big on lobbying, as pressure from Capitol Hill mounts
Wells spent $1.2 million on lobbying in the first quarter, far exceeding other individual banks and financial firms.
Muni funds land a year’s worth of cash in four months
Money coming from people who saw their tax bills rise as a result of the cap on state and local tax deductions.
‘Wall Street Tax Act’ will land on Main Street investors
A 10-basis-point tax on financial transactions would have the same effect as a 31% boost in the average expense ratio 401(k) plans pay for equity funds.
CFP Board chief executive Kevin Keller joins $1 million compensation ranks
Other seven-figure earners include top executives at ICI, SIFMA.
Again, SIFMA spent most money in financial services industry lobbying lawmakers
The trade association representing major brokerage firms spent $6.6 million in 2018.
Advisers defend active investment management on Capitol Hill
Investment Adviser Association works to preempt bias toward passive funds in retirement legislation.
Annuity and mutual fund interests at odds over 401(k) disclosures
Insurance groups facing off against retirement industry stakeholders over issue of lifetime income illustrations.
Morningstar: DOL fiduciary rule reduces inflows to mutual funds with high loads
With the measure's demise, will the SEC's advice reform sustain the momentum?
401(k) fund fees continue to fall
Equity and bond fund fees down more than 45% from the early 2000s.
Legislation would make it harder for investors to sue mutual funds over high fees
A plaintiff would have to state in their initial complaint why fiduciary duty was breached, and then prove the violation with 'clear and convincing evidence.'
Regulators showing renewed interest in cracking down on investment fees
SEC, Finra targeting high-fee share classes, 12b-1 fees and failure to give sales load discounts and waivers to investors.
Dalia Blass could tackle fiduciary standard as first order of business at SEC
She is also expected to set the agenda for ETFs, an area in which she has expertise from her previous time at the SEC.
Battle lines form as SEC considers new fiduciary rule
The Securities and Exchange Commission should not blend investment-advice standards that apply to investment advisers and brokers, as…
SEC names Dalia Blass director of investment management
Ms. Blass returns to the agency, where she previously worked for more than a decade, to run a division with influence over fiduciary duty.
Industry groups opposing DOL fiduciary rule maximize spending on author of bill to kill measure
Brokerage industry dominates investment-adviser sector in political, lobbying spending.
Fiduciary rule will top agenda for new head of SEC’s Division of Investment Management
David Grim steps down after two-decade career at agency; new leader has not been named.
