Shortly before Jack Herstein gave his inaugural address as president of the North American Securities Administrators Association Inc. last week, a House subcommittee concluded a hearing about draft legislation that would authorize one or more self-regulatory organizations for investment advisers
It was a day of unexpected twists on Capitol Hill. During a congressional hearing today, Securities and Exchange Commission Chairman Mary Schapiro voiced support for a self-regulatory organization to oversee investment advisers. Meanwhile, a leading Republican expressed support for increasing the SEC budget.
PCAOB to charge broker-dealers more to monitor firms' auditors
Pandit says panel faces 'true moment of leadership for the U.S.; meanwhile, influential lawmaker says GOP could come around on taxes
Filing for protection from creditors could come back to haunt planners; sanctions, revoking of CFP mark possible
Pending 3% withholding levy shot down in rare unanimous vote
The Securities and Exchange Commission engaged in an unprecedented crackdown on investment advisers over the past year, contributing to an overall surge in agency enforcement
A bipartisan, bicameral 12-member panel, the supercommittee may be the best chance for any kind of substantial tax changes before next year's election
Legislation introduced last week that would impose a federal tax on financial transactions may be doomed as a stand-alone bill, but proponents say that it should be included in any broad deficit-reduction proposal
Pimco boss says advisers need to change strategies, just like Muhammad Ali did before he fought — and beat — George Foreman
