Displaying 268 results
Broker groups step up political spending early in election cycle
Contributions from investment advisers, however, slow down.
SIFMA’s advice to DOL on the fiduciary rule: Start over
Industry heavyweight argues the proposal would limit access to investment advice.
Perez assures lawmakers DOL will make fiduciary rule work
Secretary of Labor Thomas Perez assured lawmakers Wednesday that the agency is listening to concerns about a controversial…
DOL Secretary Perez touts Wealthfront as paragon of low-cost, fiduciary advice
Holds up online-advice provider as exemplar of low-cost, fiduciary advice.
DOL fiduciary proposal feels heat as more industry players pile on
Great-West CEO Reynolds, Chamber of Commerce warn rule will hurt investors, advisers.
Washington latest state to encourage workplace retirement plans
Creates website to match small employers with private-sector retirement plans
SEC fiduciary push gives momentum to third-party exams
SEC Chairwoman Mary Jo White jump-started a controversial move to expand the agency's coverage of registered investment advisers: farming out exams to the private sector.
SIFMA proposes own standard for brokers to act in clients’ best interests
Proposal means to counter DOL fiduciary duty with an amended suitability standard.
Financial industry asks DOL for more time on fiduciary rule
Groups say they need an extra 45 days above the 75-day comment period to respond.
SIFMA says Sony hack is cautionary tale for CARDS
The recent cyberattack on Sony Pictures Entertainment holds lessons for Finra's pending data-collection proposal, SIFMA executive argues.
Merrill Lynch’s John Thiel urges colleagues to work with DOL on fiduciary rule
At least one major industry player is taking a more welcoming stance toward working with the Labor Department…
SIFMA criticizes White House for ignoring existing regulations while pushing for DOL fiduciary rule
Trade group releases report saying brokers 'thoroughly' regulated already with structure in place for 100 years.
SIFMA criticizes White House for ignoring existing regulations while pushing for DOL fiduciary rule
Trade group releases report saying brokers 'thoroughly' regulated already with structure in place for 100 years.
Republican introduces bill to halt Obama’s DOL fiduciary push
Rep. Ann Wagner says proponents are 'offering a solution in search of a problem.'
Institute for Fiduciary Standard draws SIFMA fire for best practices plan
Group's 11-point guide seeks to get advisers on the same page without waiting for government rules.
DOL fiduciary rule stalls again as brokerage industry makes last-minute push against it
The Labor Department's proposal to impose a fiduciary standard on retirement advisers has stalled as the brokerage industry makes one more, eleventh-hour bid to change it.
Brokers under White House scrutiny for costing workers billions in retirement savings
New government research says some broker practices are costing investors $8 billion to $17 billion a year, and the White House may now support tighter oversight of brokers who handle retirement accounts.
In Obama’s State of the Union, advisers see a ‘provocative’ call to tax wealthy
When the president delivers his State of the Union address tonight, he will make proposals that could change the basic assumptions advisers rely on for wealthy clients. (See also: 13 crucial state tax changes.)
SIFMA invokes fear of cyberterrorists in plea to fold CARDS
Major Wall Street interest group cites cost, regulatory creep and impact on civil liberties in attack on Finra's data-gathering proposal.
Finra expected to adopt CARDS despite vocal industry resistance
Opponents like SIFMA and FSI remain wary of the potential costs, customer data security, but Finra asserts that CARDS will help investors.
