Trade Associations
New Trade Group For Minority Advisors Gears Up For Launch By 4Q
In a few months, there should be an all-new networking group for advisors of color to share best practices, network, and otherwise help each other's careers in a largely white industry.
NAIFA Backs FINRA Examination Of SEC-Registered Investment Advisers
It should come as no surprise that the Board of Trustees of the National Association of Insurance and Financial Advisors (NAIFA) unanimously recommended that the Financial Industry Regulatory Authority (FINRA) serve as the self-regulatory organization (SRO) to conduct examinations of Securities and Exchange Commission-registered investment advisers.
"NAIFA believes the most efficient, cost-effective answer is to authorize FINRA to conduct all RIA exams," says the trade group's press release. "FINRA is already subject to SEC oversight, and it would be easier for FIN
SIFMA Suggests The Labor Department Rethink Its Fiduciary Rules
Having made its case on the topic of whether brokers should be given the same fiduciary responsibility as RIA reps, lobbying group SIFMA is now sparing few niceties blasting the Labor Department's fiduciary rules.
Separate But Equal: SIFMA Weighs In On What It Wants A "Fiduciary Broker" To Look Like
If the lobbying group for big brokerage firms had its way, the "universal" fiduciary standard laid out in the Dodd-Frank Act should be applied in different ways for brokers and investment advisors.
The Securities Industry and Financial Markets Association sent Mary Schapiro a 24-page open letter yesterday detailing its thoughts on a broker fiduciary standard.
As SIFMA points out, Dodd-Frank mandates "no less stringent" rules for how brokers should manage their relationships and responsibilities to clients than those that investment advisor
Financial Planning Coalition Zeroes In On Fiduciary Standard While A Key Consumer Group Shifts To Support Non-SEC Regulation For RIAs
Just when the big financial planning groups seem to be getting some traction promoting the fiduciary label, other organizations are busy lobbying for big changes in the way fiduciaries are regulated.
More Articles ...
- In Age Of Social Media, How Important Is The FPA? How Important Is Any Trade Association In A Socially-Networked World?
- RIA Advocate Opens Fire On Bloomberg "Expose" Of The Independent Channel
- Financial Planning Coalition Delivers 5,000 Signatures In Favor Of Universal Fiduciary Standard
- Industry Group Fighting California's Efforts To Generated Added Paperwork For All Independent Contractors
