Despite Finra's denials (including one from CEO Richard Ketchum just last week), some believe the regulator still wants to be the SRO for advisers.
Coalition asks for meeting with Labor Secretary Thomas Perez.
Led by Vanguard founder John “Jack” Bogle and Boston University professor Tamar Frankel, new board will introduce guidelines by year end.
It took Michael Piwowar only 34 days to make his presence felt at the SEC while in her initial statements, Kara Stein was low-key. Mr. Piwowar's truculence surprised observers who had expected that his arrival, and that of Ms. Stein, would bring together a previously divided commission. Mark Schoeff Jr. explains.
John Rogers, head of the CFA Institute, abruptly stepped down last week amid allegations that he was conducting an affair with a colleague. Former board chair Dwight D. Churchill has been named interim president and chief executive.
The number of arbitration cases brought before Finra was up 10% in the first quarter over a year ago and the proportion of cases resulting in damages being awarded was also up. At least one factor has emerged as the main culprit.
The CFP Board pulls the 'fee-only' designation as a compensation choice from its website but CFPs can change the description back. Mark Schoeff explains.
Both positive and negative reviews must be posted, commission says
Investment advisers embraced an effort by the leader of a congressional tax-writing committee to simplify the tax code but winced at the higher taxes on the wealthy that would be required to pay for the changes.
Abrogation of rights or a fair system? Opinions fly at <i>IN</i> roundtable
