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Fiduciary Links: New fiduciary champion on Senate Banking Committee?

Posted by Bennett Aikin on February 20, 2013 in Fiduciary Links

>>>Last Thursday, the Senate Committee on Banking, Housing, and Urban Affairs held a hearing on the progress of Wall Street Reform. The hearing featured leaders from seven regulatory agencies and made headlines as Elizabeth Warren’s first chance to grill regulators as a senator. The clearest fiduciary angle, though, comes from the testimony of SEC Chairman Elisse Walter. The InvestmentNews story of the hearing recaps Senator Jon Tester (D-Mont.) pressing Ms. Walter on fiduciary rulemaking. The article rightly points out that with nearly 100 mandatory Dodd-Frank rules at hand, progress is slow. Ms. Walter, for...

Fiduciary Links: New fiduciary champion on Senate Banking Committee?

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Fiduciary Hedge Clauses, Mary Jo White, and the Pending Rule

Posted by Duane Thompson on February 14, 2013 in Regulatory Update

>>>>The Investment Advisers Act of 1940 has long prohibited so-called “hedge clauses,” provisions in an advisory agreement that waive compliance with any provision of the Act. In terms of the advisor’s fiduciary duty, any effort to waive it would be folly – unless you are Congress or the SEC. In its own inexplicable wisdom, Congress chose to narrow the parameters of the fiduciary duty under the Dodd-Frank reform act by limiting investment advice to retail customers, and curtailing the duty once advice is dispensed. The prognosis for preserving the traditional fiduciary standard isn...

Fiduciary Hedge Clauses, Mary Jo White, and the Pending Rule

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Fiduciary Links: FINRA, the SRO Bill and Other Updates

Posted by Kathy Stewar on February 11, 2013 in

 >>>>During the last two years, FINRA has spent over $2 million lobbying Congress, largely in support of bill that would establish an independent SRO for investment advisors. For that reason, the reports last week that suggested FINRA and other advocates of the SRO bill may be moving on from the issue came as something of a surprise. However, indications now are that it probably isn’t so simple. “It's good news that they're not working the bill on Capitol Hill at this time,” fi360’s Duane Thompson told InvestmentNews. &ldquo...

Fiduciary Links: FINRA, the SRO Bill and Other Updates

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Fiduciary Links

Posted by on January 29, 2009 in

We haven't done a fiduciary links post in a while, so here we go: Breaking news from the Pension Governance blog: "PRUDENT PROCESS IS IMPORTANT" The new blog Brightscope wades through some of the public comments on 408(b)(2) disclosure rules Fi360 CEO Blaine Aikin is quoted in this Financial Planning magazine article on investment policy statements An NASAA press release today proposed a legislative agenda for the new Congress that includes a fiduciary standard of care due from all investment professionals The most recent issue of the Journal for Financial Planning includes an article that reminds to remember...

Fiduciary Links

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