Displaying 138 results
High-wire act
Although SEC staff recommended a universal fiduciary duty, it left crucial details about disclosure parameters and harmonization of adviser and broker-dealer rules up to the agency's five commissioners
Government shutdown could cause SEC brownout
The SEC's schedule of investment adviser examinations will likely grind to a halt if the federal government is forced to shut down Friday
Davis Polk is go-to law firm to parse regs
The Dodd-Frank financial reform law is an intimidating piece of legislation, if not for the breadth of its reach and ambition, then certainly for its sheer size — all 2,300 pages of it
SEC caught in ideological budget battle
The Securities and Exchange Commission has found itself in the cross hairs of House Republicans determined to deny it the funding it says it needs to implement the many mandates called for by the Dodd-Frank reform bill
Hard to understand
Summary prospectuses for variable annuities are supposed to help consumers make informed decisions about buying these complicated investments
Ketchum: Fiduciary standard won’t happen before mid-2012
Registered representatives will operate under a fiduciary standard no earlier than the second half of 2012, according to Finra chief executive Richard Ketchum
Finra offer to set up a testing program for RIAs falls flat
A proposal by Finra to develop a qualifying test for investment advisers has received a cool reception from adviser groups, which claim that it is part a continuing campaign by the regulator to broaden its powers
SEC delays plans to create new units
The Securities and Exchange Commission is holding off forming several departments required under the Dodd-Frank financial reform law
Will 12(b)-1 plan fizzle without champion?
Buddy Donahue -- the 'driving force' behind the SEC proposal on fund fees -- is leaving the agency. The upshot? The final rule may look a whole lot different than the current model.
SEC suit raises disclosure questions for breakaway reps
Do breakaway brokers have to disclose to clients how much they stand to gain by going independent?
Election 2010: Should advisers be worried?
It's been an ugly, mud-slinging, smackdown of a campaign. The results may not be any prettier — at least, not for advocates of financial reform.
High anxiety
While federal agencies conduct scores of studies and write hundreds of regulations implementing the sweeping Dodd-Frank financial-reform law, investment advisers wait with trepidation
Industry groups plead fiduciary case to SEC
One by one, the groups representing constituencies in the financial services industry have trooped into meetings with SEC officials to present their arguments about whether the commission should promulgate a regulation imposing a universal standard of care for retail investment advice
SEC’s Paredes: Financial regs threaten economic growth
Securities and Exchange Commission member Troy A. Paredes delivered remarks at the Securities Traders Association's 77th annual conference and business meeting on Sept. 24 in Washington
Framework for appropriate disclosure on munis is needed
The following are remarks delivered by Securities and Exchange Commission member Elisse B. Walter on Sept. 21 in San Francisco at the SEC's inaugural hearing on the state of the municipal-securities market
With Finra in red, officials saw green
Thirteen current and former executives of the Financial Industry Regulatory Authority Inc. made more than $1 million apiece in 2008, a year in which the regulatory organization had an operating loss of $696 million, according to tax forms that Finra filed last month and the company's annual report.
Investors want fiduciary rules to be uniform
Although it is still unclear whether the Securities and Exchange Commission will back a universal standard of care for brokers and investment advisers, one thing is certain: Investors want a single standard.
Proxy moxie: Goldman in activists’ cross hairs
The Goldman Sachs Group Inc. is seen as target No. 1 for activist investors looking to shake up corporate boards now that the Securities and Exchange Commission has made it easier for shareholders to nominate directors.
Executives from tainted B-Ds find the past isn’t a problem
Last month, the Financial Industry Regulatory Authority Inc. shut down APS Financial Corp. for overcharging clients $1.3 million for bond trades in 2005 and 2006.
Provident’s ex-owner guilty of fraud
One of the owners of the defunct oil and gas dealmaker Provident Royalties LLC has pleaded guilty to conspiring to defraud investors in a $485 million scheme that ensnared dozens of independent broker-dealers.
