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Sifma

Can Wall Street Kill a Fiduciary Rule?

Barbara Roper | Posted 06.03.2015 | Business
Barbara Roper

An explosive new blog post at AdvisorHub purports to quote a high-ranking Morgan Stanley executive deriding the notion that Wall Street would ever allow a real fiduciary standard to be applied to its business. The arrogant assumption that Wall Street runs Washington and the patent disregard for investor well-being give the alleged emails a convincing ring.

Rosy View of SEC Regulation at Odds With Reality

Barbara Roper | Posted 05.25.2015 | Business
Barbara Roper

In an increasingly frantic effort to derail new protections for retirement savers, SIFMA, the self-described "voice of the U.S. securities industry," has purchased yet another study that purports to show why a pending Department of Labor (DOL) proposal to require all financial advisors to put their customers first is unnecessary and inappropriate.

Christina Wilkie

Former GOP Senator To Lobby For Wall Street

HuffingtonPost.com | Christina Wilkie | Posted 05.20.2013 | Politics

WASHINGTON -- Former Sen. Judd Gregg (R-N.H.) has been named the new CEO of the Securities Industry and Financial Markets Association (SIFMA), one of ...

SIFMA Hypocritically Protests CFTC User Fee Plan

Barbara Roper | Posted 04.23.2012 | Business
Barbara Roper

I'm left to wonder, what is the source of SIFMA's sudden cost-consciousness? Because I don't seem to recall ever having heard the association express similar alarm over the costs to investors of the $20 billion or so Wall Street manages to scrape together for bonuses each year.

Arthur Delaney

Questioning The White House: Would A Foreclosure Moratorium Really Hurt Homeowners?

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Business

The Obama administration is resisting calls for a national foreclosure moratorium amid a foreclosure fraud scandal that has already forced some of the...

Foreclosure Moratorium Would Be 'Catastrophic,' Wall Street Trade Group Says

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Halting foreclosures across the nation would be "catastrophic" for the economy, a financial industry trade group said Monday. Tim Ryan, CEO of the Se...

Regulatory "Reform" Bill Shafts Individual Investors

Jake Zamansky | Posted 05.25.2011 | Business
Jake Zamansky

I should have known it was too good to be true. A few months ago I was optimistic that regulatory reform would include an investor protection known as the "fiduciary duty" standard.

"Golden Throne" Award for Securities and Bank Lobbyist

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

This year's award goes to SIFMA (the lobbying group for banks like Citigroup and B of A) who created a multinational "cashroots" campaign to portray its clients as "part of the solution" to the financial crisis.

Shahien Nasiripour

Jamie Dimon, Head of JPMorgan Chase: "Everyone Should Be Allowed To Fail"

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

The head of the country's second-biggest bank, considered by many to be "too big to fail," said Tuesday that no firm should be immune from failure. ...