Displaying 70 results
For trade groups, lobbying pays
For careerists in financial-trade-group management, heading a lobbying organization backed by huge corporate interests appears to be a more lucrative route to success than serving and educating financial advisers.
Finra plan to increase power draws ire
Brokerage firms are howling over a far-reaching proposal that would give Finra substantially more power.
Plan to place B-D advisers under Finra scrapped
Hours before passing the most significant financial-reform package in nearly 80 years, the House Friday killed an amendment that would have given the Financial Industry Regulatory Authority Inc. the authority to regulate investment advisers at broker-dealers.
Wall Street slams Obama’s bank proposals
Financial services industry groups and Republican lawmakers last week criticized President Barack Obama’s plan to rein in bank…
ICI: Transaction tax would take big bite out of fund returns
High on the mutual fund industry's “to do” list is defeating legislation that would impose a $150 billion-per-year tax on securities transactions.
Industry groups feeling the pinch from the economy
The economic downturn is hurting the associations that represent financial planners, investment advisers and big brokerages.
Federal Reserve may scrutinize brokers’ compensation at large firms
Large brokerage firms that are part of bank holding companies could be forced to review their compensation arrangements for brokers and advisers as a result of a pay proposal put forward Thursday by the Federal Reserve Board.
Chief lobbyist leaving SIFMA for restaurant association
Scott DeFife, senior managing director of government affairs at the Securities Industry and Financial Markets Association, is leaving to take a job at the National Restaurant Association.
Plan to expand Finra’s authority concerns SIFMA
The brokerage industry will put up a fight to stop a potential power shift that could give the Financial Industry Regulatory Authority Inc. oversight of much of the investment advisory industry.
SIFMA: Surprise audits could carry a $200K price tag
A proposal by the Securities and Exchange Commission that would require advisory firms that hold custody of client assets to be audited by accountants that are inspected by the Public Company Accounting Oversight Board would cost each firm an average of $200,000, according to one new estimate.
Morgan Stanley’s Tom Nides tapped as next SIFMA chairman
John Taft, president and CEO of RBC Wealth Management, will serve as chairman-elect.
Don’t weaken fiduciary standard, advisers tell Congress
A financial planners' group warned congressional leaders last week against enacting proposed standards for advisers that are being endorsed by the brokerage industry.
Compensation for ‘thousands” of brokerage employees could receive federal scrutiny
Large brokerage firms that are part of bank holding companies could be forced to review their compensation arrangements for brokers and advisers as a result of a new pay proposal introduced Thursday by the Federal Reserve Board.
Debate over fiduciary duty heats up
At a House Financial Services Committee hearing tomorrow, the Securities Industry and Financial Markets Association will present its version of a fiduciary standard.
Finra’s proposed fee hike draws ire of FSI, SIFMA
Two major industry organizations are pushing against Finra's proposed fee increase for advisers and broker-dealers.
SIFMA to sound off about Finra fee hikes for reps and broker-dealers
SIFMA is joining the fight to contain the damage of potential fee increases reps and broker-dealers could face from changes proposed in August by the securities industry's self-regulator.
Promises, promises: Finra probes B-Ds’ retail muni sales practices
The Financial Industry Regulatory Authority Inc. is investigating whether broker-dealers are meeting their obligations to municipal-bond issuers who seek distribution to retail investors.
SEC commish: We need fewer lawyers and more economists
Securities and Exchange Commissioner Troy Paredes today called for the regulatory agency to hire more economists and fewer lawyers.
Finra probing retail municipal-bond sales at broker-dealers
The Financial Industry Regulatory Authority Inc. is investigating whether brokerage firms are meeting their obligations to municipal-bond issuers who seek to have the bonds distributed to retail investors, a Finra official said today.
Parsing the industry’s F word
So much rides on the meaning of “fiduciary,” a word alien to the vast population and, at least until recently, to a good part of the financial world.
