Republican lawmakers on the House Financial Services Committee introduced a series of bills Wednesday to limit the powers of the Consumer Financial Protection Bureau, which is scheduled to launch on July 21. Elizabeth Warren, Harvard law professor...
According to an upcoming GAO report, last year's Dodd-Frank financial regulatory overhaul should cost $2.9 billion to implement over the next five years, though it's not clear exactly how much of that would come out of taxpayer funds. Only three...
A couple of law students from Oxford, Miss., backed by vocal investor advocate Mercer Bullard, have ambitious plans to create an SRO (self-regulatory organization) for investment advisers. Their group would rival FINRA, the SRO for broker/dealers...
It is a bit of a mouthful: Morgan Stanley Smith Barney. That is the name of the joint venture between Citigroup and Morgan Stanley, finalized on June 1, 2009, which created the largest wealth management network in the U.S. with around 18,000...
A video from xtranormal spoofs a (very bad) day in the life of a financial advisor...yes, some clients are clueless. Here, an FA talks to a potential new client who wants to retire at 50, would like to buy a new car with his IRA, and expects his B...
On Wednesday, the SEC proposed new rules aimed at reigning in incentive comp. The rules, which stem from Section 956 of the Dodd-Frank Act, would prohibit incentive-based compensation arrangements that encourage “inappropriate” risk-taking or co...
In his blog The Big Picture, Barry Ritholz posts part III of a series about what really happened in the financial crisis. This latest installment includes a mythbusting list from Jennifer S. Taub, Lecturer and Coordinator of the Business Law Pro...
Do you
belong to your regulator? Like you would belong to a country club? From Josh Brown's
The Good Leads in the WSJ, a link to a post in the
I heart Wall Street blog about the relative merits of FINRA versus the SEC.
