Legislation And Regulation
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Bill would end mandatory arbitration in brokerage contracts
Legislation introduced Thursday would ban such requirements for investor claims.
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.
SEC's White defends coverage of investment advisers
Chairwoman says agency is considering augmenting adviser exams with third-party audits.
Senate set to approve national insurance-agent registry
Though new board has wide support among state regulators, GOP senator cries foul over infringement of states' rights.
Will the SEC use its extra funding to strengthen adviser oversight?
Now that it looks like the SEC will get an additional $150 million in funding, speculation is mounting on how the funds will be deployed. Is increasing adviser oversight going to be a priority?
Congress set to pass bill giving SEC a budget boost, leaving DOL fiduciary rule alone
The bill preventing a government shutdown includes SEC funding hike and allowance to cut pensions. Left out is language that would have killed the DOL's fiduciary rule.