Regulatory

New House Budget Proposal Trims Dodd-Frank But Leaves Most Of The Reforms Intact

http://iimagelibrary1.advisorproducts.com/images/igallery/original/2201-2300/cash_coins__1006_-2249.jpg
Despite weeks of speculation that the Republican majority in the House of Representatives would gut Dodd-Frank, their new budget plan only repeals the provisions that mandate "permanent bailouts" and keeps the rest.

Read more ...

Movement To Repeal Dodd-Frank Reaches Senate, But The Argument Is Confusing

http://iimagelibrary1.advisorproducts.com/images/igallery/original/1201-1300/meetings_at_computer__1013_-1257.jpg
A substantial bloc of Republican Senators have sponsored a bill that aims to roll back Dodd-Frank regulations before they really ramp up, but the explanations given could benefit from some fine-tuning.

Read more ...

Don't Expect A Unified Fiduciary Standard Before The Third Quarter, SEC Says

http://iimagelibrary1.advisorproducts.com/images/igallery/original/1201-1300/meetings_at_computer__1022_-1266.jpg
After all the rhetoric, it's time to "hurry up and wait" for the SEC to implement a controversial combined fiduciary rule for brokers and RIAs alike.

Read more ...

SEC Now Facing Legal Pressure From Allen Stanford's Aggrieved Clients

http://iimagelibrary1.advisorproducts.com/images/igallery/original/2401-2500/certificates_creditcards__1011_-2439.jpg
As the joke goes, the days when the SEC was exclusively the plaintiff are truly over. The regulator has been notified that former clients of billionaire money manager Allen Stanford have sued for negligence and misconduct.

Read more ...

New Dalbar Certification Gets The Jump On A Universal Fiduciary Standard

http://iimagelibrary1.advisorproducts.com/images/igallery/original/1201-1300/meetings_at_computer__1043_-1287.jpg
Boston advisory business benchmarking firm Dalbar has gotten in front of the regulatory curve by coming out with a fiduciary certification program designed to fend off the prospect of stricter rules ahead.

Read more ...