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Backed-up SEC won't address mandatory arb any time soon
Mandatory arbitration has been generating plenty of headlines lately, but SEC Commissioner Elisse Walter says the regulator won't be addressing the subject any time soon.
SIFMA names two high-profile politicians to top posts
Gregg, Bentsen hired to lead securities industry group; want DOL to ditch fiduciary reform
House bill may slow DOL fiduciary push
Democrats and Republicans in Congress may have a hard time working together, but they are pushing the Labor Department and Securities and Exchange Commission to do just that.
No. 1 priority is more exams, White says
The Securities and Exchange Commission's priority is to increase the number of investment adviser examinations it handles every year.
Alternatives crackdown continues as Finra fines VSR
More pain for broker-dealers as Finra fines another alternatives specialist. One exec cites the regulator's powerful message on need for supervision and approval processes among alternatives.
Fewer advisers than expected switch to state oversight
Back in 2009, regulators predicted that 4,000 investment advisers would shift from SEC regulation to state oversight. They were slightly off.
White: SEC's No. 1 priority is more adviser examinations
The Securities and Exchange Commission's top priority is to increase the number of investment adviser examinations it handles every year. How to go about doing that is another question. “Significant additional coverage is essential if investors are to be appropriately protected,” SEC Chairman Mary
House bill seen slowing DOL's fiduciary push
Amendment would require Labor Department to work with SEC on revised standard
SEC whistle-blower says she was frozen out by new enforcement chief
George Canellos, 48, has one of the Securities and Exchange Commission's top jobs. The SEC's new chairman, Mary Jo White, appointed him as co-director of the enforcement division, along with Andrew Ceresney, a former partner of White's at Debevoise & Plimpton. Their job is to oversee 1,200
Finra charges B-D chief with using investor funds for home remodeling
Finra claims the head of a B-D that packages and distributes illiquid equipment-leasing funds misused investor money to pay for personal expenses including remodeling her house.
In Washington, policy proposals target retirement plans
As Congress searches for ways to generate revenue to reduce the burgeoning federal deficit and debt — and possibly fund a broad overhaul of the tax code — retirement income policy could be a focus on Capitol Hill. The latest manifestation of the trend is the Obama administration's budget proposal,
Finra fines 3 firms $900K for suspicious trading
The Financial Industry Regulatory Authority Inc. last Wednesday fined three financial companies a total of $900,000 for failing to stop money laundering and other suspicious transactions. Officials at the firms were fined a total of $100,000. The organization fined Atlas One Financial Group LLC
Deal to go private knotted for NFP
Just as it is preparing to go private with a sale to private-equity buyers, insurance broker and benefits roll-up firm National Financial Partners Corp. faces hurdles created by its independent broker-dealer, NFP Advisor Services Group.
SEC focusing on B-D registration issues for private-fund managers
The Securities and Exchange Commission is cracking down on private-fund managers for not using registered broker-dealers in fundraising. At the same time, recent public comments by the SEC staff indicate that certain activities of private-fund managers may require that they become registered with
Tax risk: Trust gains have additional levy
Experts are just getting their arms around a little-publicized wrinkle in the 2012 law.
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Mary Beth Franklin, InvestmentNews
Davis D. Janowski, InvestmentNews