Mark Schoeff Jr.

Mark Schoeff Jr. is a senior reporter at InvestmentNews. Based in Washington, D.C., he covers legislation and regulations affecting retail investment advisers and brokers. Prior to joining InvestmentNews in 2010, he wrote about employment and labor law for Workforce Management, a magazine that was published at the time by Crain Communications. He is a member of the National Press Club board. Before migrating to the editorial side of the journalism ecosystem, he served as press secretary for the late Sen. Richard Lugar of Indiana and as director of external relations for the Center for Strategic and International Studies, a think tank in Washington. In a region where people keep their hometown loyalties intact, he has lived in the Washington area long enough to become an actual fan of the Nationals, Wizards, Capitals and the Washington Football Team. He earned a bachelor’s degree from Purdue University and a master’s degree from George Mason University.

Mark Schoeff Jr.
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Robinhood exec walks through regulatory revolving door
NEWS OPINION JAN 06, 2021
Robinhood exec walks through regulatory revolving door

The online trading platform’s popularity has skyrocketed over the last several months, but its fast growth has also generated increased regulatory scrutiny

Momentum picks up for state-level best interest rule on annuity sales
RETIREMENT RETIREMENT PLANNING JAN 04, 2021
Momentum picks up for state-level best interest rule on annuity sales

Arkansas and Michigan become the latest states to adopt the National Association of Insurance Commissioners model rule

Finra obtains $2.7 million in restitution related to 529 share-class initiative
NEWS REGULATION AND LEGISLATION DEC 30, 2020
Finra obtains $2.7 million in restitution related to 529 share-class initiative

Morgan Stanley’s $1.7 million settlement highlights remedies for excessive fees

SEC’s amped-up oversight of complex financial products expected to continue under Biden
INVESTING ALTERNATIVES DEC 23, 2020
SEC’s amped-up oversight of complex financial products expected to continue under Biden

Agency says advisers, brokers must apply ‘heightened scrutiny’ to sales of risky ETPs

SEC approves rule to allow testimonials in advertising
NEWS RIAS DEC 22, 2020
SEC approves rule to allow testimonials in advertising

Revision of the advertising rule in place since 1961 reflects technological advances like social media marketing, according to the regulator

SEC warns of tougher Reg BI exams next year
NEWS REGULATION AND LEGISLATION DEC 21, 2020
SEC warns of tougher Reg BI exams next year

The agency will ‘conduct enhanced transaction testing’ to see if firms are acting in customers’ best interests

Finra hits Transamerica with $8.8 million sanction
RETIREMENT LIFE INSURANCE AND ANNUITIES DEC 21, 2020
Finra hits Transamerica with $8.8 million sanction

The settlement includes $4.4 million in restitutions to harmed customers over the sales of unsuitable VA, mutual fund and 529 products

State fiduciary rules slow down amid pandemic, political transition
YOUR PRACTICE PRACTICE MANAGEMENT DEC 21, 2020
State fiduciary rules slow down amid pandemic, political transition

Efforts to implement fiduciary rules in New Jersey, Nevada and Massachusetts are in limbo

Trump administration pushes regulations across finish line in waning days
NEWS REGULATION AND LEGISLATION DEC 21, 2020
Trump administration pushes regulations across finish line in waning days

DOL rules affecting investment advice and the use of ESG factors may be vulnerable under Biden

Robinhood case to test Massachusetts fiduciary rule
NEWS REGULATION AND LEGISLATION DEC 17, 2020
Robinhood case to test Massachusetts fiduciary rule

But an investor advocate praises the state for targeting conduct other than outright fraud