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Barbara Roper

Entries by Barbara Roper

In a Tight Spot, SEC Chair White Puts Agency's Credibility on the Line

(1) Comments | Posted May 29, 2013 | 4:10 PM

Earlier this month, new Securities and Exchange Commission Chair Mary Jo White testified for the first time before the House Financial Services Committee and showed herself to be everything we would expect from a lawyer of her caliber - articulate, self-confident, and careful, even guarded, in her answers....

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Will Congress Bully SEC into Ignoring JOBS Act Concerns?

(15) Comments | Posted April 22, 2013 | 11:58 AM

The House Financial Services Committee held a JOBS Act implementation hearing last week at which Republican members expressed their outrage that the Securities and Exchange Commission (SEC) had allowed itself to be swayed by the concerns of investors and state securities regulators in its consideration of rules to...

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JOBS Act Rule Poses Early Test of SEC Chairman Walter's Leadership

(2) Comments | Posted January 2, 2013 | 11:27 AM

When Elisse Walter stepped into the chairmanship of the Securities and Exchange Commission last month, she took on a daunting task. Two and a half years after the passage of the Dodd-Frank Act, the Commission has completed only about a third of the regulations it is required to...

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Will Cost-Benefit Analysis Seal the SEC's Fate as an Industry Lap Dog?

(6) Comments | Posted September 17, 2012 | 6:22 PM

Today the Securities and Exchange Commission stands at a crossroads. The decisions it makes, and the decisions that are made for it by Congress, will determine whether the agency can reemerge as a credible investor watchdog or whether it will be permanently relegated to industry lap dog status. Decisions that...

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Will JPMorgan's Loss Provide a Win for Wall Street Reform?

(7) Comments | Posted May 14, 2012 | 10:30 PM

For public interest advocates fighting the David vs. Goliath battle to win meaningful reform of the financial system, there was a certain satisfaction in watching Jamie Dimon eat humble pie last week as he announced that JPMorgan has lost a little over $2 billion trading credit derivatives. After all, no...

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Extraordinary Popular Delusions and the Madness of Crowd (Funding)

(17) Comments | Posted March 6, 2012 | 5:01 PM

Imagine what Charles Mackay, the author of 1841's Extraordinary Popular Delusions and the Madness of Crowds, would think of Congress's latest "jobs bill" and, in particular, its proposal to "crowd fund" enterprises through the Internet. If we picture the mania associated with the South Sea Company, Mississippi Company and Dutch...

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SIFMA Hypocritically Protests CFTC User Fee Plan

(0) Comments | Posted February 22, 2012 | 12:18 PM

When President Obama announced his proposal last week to provide a desperately needed funding boost for the Commodity Futures Trading Commission (CFTC) and to pay for $117 million of that funding through user fees, the securities industry issued a predictable and predictably hypocritical statement of opposition. "We do...

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CFTC's Message to Municipalities: Caveat Emptor

(3) Comments | Posted January 26, 2012 | 9:10 AM

In a little noticed vote, the Commodity Futures Trading Commission (CFTC) reversed course last week on a rule that had the potential to save cities and school districts across the country billions in excess costs on the swaps they purchase to hedge their interest rate and other risks....

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Non-Partisan FCIC Report Draws Partisan Dissent

(0) Comments | Posted February 1, 2011 | 9:00 AM

When the Financial Crisis Inquiry Commission was established in May of 2009, the hope was that a bipartisan group of financial experts could arrive at an explanation of the causes of the financial crisis that would rise above the partisan bickering prevalent at the time. Last week, the FCIC

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Congress Must Fund Regulatory Reform

(7) Comments | Posted December 8, 2010 | 10:43 AM

There is widespread agreement that regulators who failed to use their existing authority to rein in abusive and risky practices are partially to blame for the recent near collapse of the global financial system. In many cases an unwillingness to regulate was the primary cause. Think Alan Greenspan and...

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Post-Election Attacks on Financial Regulation Ignore the Lessons of the Recent Past

(1) Comments | Posted November 23, 2010 | 11:01 AM

If doing the same thing repeatedly and expecting a different result is the definition of insanity, then post-election pronouncements from Republican leaders regarding financial regulatory reform are nothing short of insane.

In the wake of this month's elections, newly empowered Republicans in Congress have raced to declare their intent...

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A Salesman in Advisor's Clothing

(0) Comments | Posted September 16, 2010 | 1:23 PM

Do you know whether the person you rely on for advice about investments is a broker or an investment adviser? Do you know if he or she is legally required to act in your best interest when recommending securities? If you are like the vast majority of Americans, you have...

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Fiduciary Duty: What Investors Need to Know

(0) Comments | Posted August 30, 2010 | 3:05 PM

At the end of the day Monday, the comment period officially closes on the Securities and Exchange Commission's (SEC) study of the standard that should apply to brokers when they give investment advice and recommend securities. Yet as of last Monday, with only one week remaining on...

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