State regulators angered by 'astonishing attack...on federalism'; some claim measure paves the way for Finra oversight
On Wednesday, Rep. Spencer Bachus introduced his long-awaited bill that would establish at least one self-regulatory organization for investment advisers. The real question: Will it be Finra? The answer: It's looking more and more likely.
At regulator's conference, Herstein criticizes move to take oversight away from states; 'sovereign obligation'
Regulator pegs annual cost at $155M, adviser groups put price at $610M; either way, Barney Frank hates the whole idea
Collateral damage from $2B hit could extend to self-regulation, hurt SRO bill
At House hearing, neither Dems nor Republicans seemed eager to tinker with main selling point of 401(k)s and IRAs
Investment advisers could feel the impact of one so-called legislative "payfor" popular with congressional Democrats -- expanding payroll taxes on subchapter S corporations.
