Senator Tim Johnson announced this afternoon that the Senate would accept the House's changes to the Senate's counter-offer on the subject of fiduciary duty, which will require an SEC study on the subject, a report in 6 months, and rulemaking...
As Senate and House committee members entered the final stretch of negotiations over Wall Street reform legislation, NASAA, the organization of state securities regulators, delivered a letter to Conferees this afternoon urging them to adopt...
On Tuesday night, the Senate offered a counter-proposal to the House on the issue of fiduciary duty (click here to download). That proposal would combine the Senate and House versions of the bill on the subject, requiring the SEC to conduct a one...
Broker/dealer and investment advisory firms need better social networking rules and policies, if recent survey results from Socialware are any indication. The survey showed that 60 percent of financial advisors are using social networking for...
A final decision on the fate of the fiduciary standard in Wall Street reform legislation was delayed Wednesday evening. Around 6pm, Senator Christopher Dodd said that he and Senator Tim Johnson would not be prepared to issue a counter-offer on the...