Legislation And Regulation
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Congressman calls for Finra oversight of investment advisers
Rep. French Hill says the broker-dealer SRO is the best equipped regulator for the job.
Missouri Rep. Ann Wagner wages 'war' against DOL fiduciary
Rep. Ann Wagner, a leading opponent of the agency's proposal to raise investment-advice standards for brokers working with retirement accounts is pursuing an aggressive strategy to stop the rule.
Brokerage industry lobbying dollars dwarf investment advisers'
The brokerage industry's lobbying spending dwarfed advisers' in the first quarter, with the DOL fiduciary rule a primary focus.
Vanguard's new ambassador to advisers: We've earned your trust
Thomas M. Rampulla's return to the U.S. comes after the firm recast itself as a patron of an industry that once saw it as a threat.
DOL fiduciary rule fails by only focusing on fees and expenses
Fees and expenses matter, but in a procedurally prudent investment process, their management should account for less than 10% of a fiduciary's total efforts
Republican introduces bill to halt Obama's DOL fiduciary push
Rep. Ann Wagner says proponents are 'offering a solution in search of a problem.'
House GOP tells SEC to improve adviser oversight
House Republicans who oversee the SEC told the agency to do a better job of regulating investment advisers — and to do it without a significant budget increase.
Senator says advisers need more protection in reporting elder financial abuse
Federal privacy laws should be clarified to protect financial advisers who tell authorities about suspected financial exploitation of the elderly, a Senate leader on senior issues said Wednesday.Sen. Susan Collins, R-Maine, chairwoman of the Senate Aging Committee, said giving safe harbor to
Karen Barr will build on David Tittsworth's legacy at the Investment Adviser Association
With David Tittsworth departing the Investment Adviser Association, its new leader, Karen Barr, will have to turn elsewhere for entertainment for the organization's annual meeting. Over his 18 years as head of the IAA, Mr. Tittsworth, a pianist and singer, would give an after-dinner performance at
Tittsworth exits IAA after waging battles on behalf of investment advisers
After 18 years, David Tittsworth is leaving the Investment Adviser Association, a group he led during a period of expanding regulation.
FSI to zero in on state advocacy this year
Group set to launch lobbying days in Florida, Texas, New York and California.
House approves changes to Dodd-Frank law
The House of Representatives approved legislation Wednesday that would revise the Dodd-Frank financial reform law with delays and exemptions, a sign of the kind of changes that may be in store in a Republican-led Congress.Among the revisions contained in the 30-page bill, which passed 271-154, is a
Senate passes national insurance registry
Bill that would help agents practice in multiple states moves to president's desk.
Majority of RIAs should move under state regulation: Study
Shifting oversight of more RIAs from the SEC to states would increase exam coverage at less cost than establishing third-party reviewers, according to a new report. (See also: After 'the switch' in 2012, state regulators pounced)
SEC Investor Advocate: Budget boost 'insufficient' for full adviser exam coverage
The budget increase the SEC received from Congress is “insufficient” to significantly boost investment-adviser examinations, according to an SEC official charged with representing retail investors.