A Senate panel has asked the inspector general of the Securities and Exchange Commission to examine the recent exit of a top SEC official to Getco LLC, a high-frequency-trading outfit.
When Capitol Hill negotiations on landmark financial-regulatory-reform legislation begin in earnest this week, proponents of putting a universal fiduciary standard in the final bill must overcome a head start that backers of a weaker provision have gained.
As the Senate this week wades through scores of amendments to legislation on financial regulatory reform, lobbyists are going toe-to-toe over applying a fiduciary standard.
An amendment floated last week by Sens. Arlen Specter, D-Pa., and Ted Kaufman, D-Del., that would impose criminal penalties on broker-dealers for violating fiduciary standards is giving the senators a way to vent frustration with Wall Street.
Recently released federal guidance regarding target date funds was just the first step in a process that eventually will include regulations for the investments
As Senate floor debate on financial-regulatory-reform legislation begins, a key Republican senator plans to offer an amendment on fiduciary standards that could be broader than language contained in a bill that the House passed late last year.
Fiduciary standard for B-Ds dead and buried? Not so fast. During the grilling of Goldman Sachs execs in Congress today, a key Republican senator raised the issue again
As the debate over financial regulatory reform heats up in the Senate, the fiduciary-standard issue simmers on a back burner, though its backers haven't abandoned hope of seeing its inclusion in a final bill.
Fate of measures to extend tax breaks – such as tax-free contributions to IRAs – still unknown; 'difficult to give good advice'
