iOS app Android app


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 | 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? | 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" | 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. ...