Securities Industry And Financial Markets Association (SIFMA)
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State regulators work on uniform approach to elder financial abuse
New measures are aimed at encouraging brokers to notify authorities when they suspect someone is trying to scam one of their clients.
DOL Secretary Perez touts Wealthfront as paragon of low-cost, fiduciary advice
In his effort to build support for a proposal to raise investment advice standards for retirement accounts, Department of Labor Secretary Thomas Perez often uses a prominent robo-adviser as a talking point.When he appeared at a June 17 congressional hearing, Mr. Perez mentioned Wealthfront, an
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 investment advice proposal and will “make it work.”
DOL fiduciary proposal feels heat as more industry players pile on
Great-West CEO Reynolds, Chamber of Commerce warn rule will hurt investors, advisers.
SIFMA proposes own standard for brokers to act in clients' best interests
Proposal means to counter DOL fiduciary duty with an amended suitability standard.
Washington latest state to encourage workplace retirement plans
Creates website to match small employers with private-sector retirement plans
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.
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 as it seeks to create a rule that would hold brokers to a fiduciary standard when dealing with retirement plans.
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.
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.
Republican introduces bill to halt Obama's DOL fiduciary push
Rep. Ann Wagner says proponents are 'offering a solution in search of a problem.'
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.
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.
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.)