Displaying 268 results
SEC’s Blass rebuts assertion Reg BI is tougher than fiduciary standard
Agency director says investment advisers must mitigate or eliminate conflicts.
House passes Maxine Waters’ amendment to stymie SEC advice reform rules
Measure prevents funding for Reg BI, but could die in Senate.
New Jersey fiduciary rule: Pressure leads to public hearing, comment deadline extension
Industry push results in chance to air grievances on July 17 and another month to present objections.
How much will costs of products and accounts factor into Reg BI?
Documentation will be key to passing exams under the rule, observers say.
Investor advocates slam SEC advice reform on eve of Reg BI vote
Barbara Roper says the new regulations 'will mislead investors into expecting protections the rules do not deliver and deprive them of protections they currently receive.'
State regulators urge SEC not to try to block state fiduciary laws
NASAA doesn't want regulator to assert federal preemption in advice rule.
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.
New SEC nominee may not have time to influence Reg BI
Allison H. Lee could arrive just as the agency is finishing its advice reform rule, or get stuck awaiting Senate confirmation.
House committee unanimously approves sweeping retirement bill
Measure would help small businesses offer plans, require that statements include lifetime-income projections, ease use of annuities in plans and increase the RMD age.
Regulators assure industry CAT will not expose consumer data
SEC chairman Clayton says the agency will come to an agreement with the industry over what information to collect on equity trades.
Clayton says disclosure sufficiently mitigates some conflicts under Reg BI
SEC chairman says guiding principle should be: 'What would a reasonable investor expect?'
Robert Cook says Finra doesn’t levy fines to balance budget
Regulator's CEO says the agency has "extra cash in the till," referring to excess reserves to fill any shortfall.
Opponents of Maryland fiduciary bill tell lawmakers to wait on SEC
Supporter praises state for stepping in where federal regulator falls short.
State securities regulators back Nevada’s fiduciary rule proposal
NASAA President Michael Pieciak: Draft regulations should curb abusive practices.
Adviser trade associations, investor advocates split on Nevada’s authority to implement fiduciary rule
SIFMA, FSI, Investment Adviser Association say hands off; 16 advocacy groups say bring it on.
Key Senate Democrat raises concerns about SEC advice reform proposal
During hearing, several bills affecting advisers and brokers receive initial Senate consideration.
CFP Board chief executive Kevin Keller joins $1 million compensation ranks
Other seven-figure earners include top executives at ICI, SIFMA.
SEC Regulation Best Interest allows harmful broker practices, state regulators say
NASAA asserts industry support of proposal proves it needs to be beefed up.
Again, SIFMA spent most money in financial services industry lobbying lawmakers
The trade association representing major brokerage firms spent $6.6 million in 2018.
Maryland bill would impose fiduciary duty on brokers, insurance reps
New legislation would require financial professionals to act 'without regard to' their own financial gains.
