Former SEC commissioner says agency is engaging in rulemaking by enforcement.
Senators assert congressional authority to change policy
Acting secretary Patrick Pizzella will have to make political decision to move ahead.
Regulator also pledges more transparency in settlements.
She's willing to advocate for additional compliance time if firms have made a good faith effort.
Agency director says investment advisers must mitigate or eliminate conflicts.
Barred broker compiled 17 disciplinary disclosures in 28 years, pleaded guilty for Ponzi scheme
A top critic charges the SEC head with 'gamesmanship' and creating a 'false narrative.'
PIABA: It falls short of solving unpaid arbitration. FSI: It gives Finra too much power.
Claimants received $850,000 in compensatory, $700,000 in punitive damages, $250,000 for attorneys
