A Play-by-Play citing media articles throughout the year showing how SEC Chair Mary Schapiro misplayed her strategy to hold the fiduciary standard hostage for more Congressional money.
Tag "Mary Schapiro"
The SEC finally admits 12b-1 is a priority, The Wall Street Journal finally explains why ETFs might not be ready for prime-time and InvestmentNews finally reveals why many financial advisers won’t be impacted at all by a uniform and stronger fiduciary standard. Still, there’s one article that sets all we’ve learned the past forty years so far back you won’t believe it.
SEC’s Mary Shapiro: “When it comes to 12b-1 fees, there is a need for more fundamental change than mere disclosure reforms and a name change.” FiduciaryNews’ exploration of this hot potato reveals a surprising misconception.
The SEC does the right thing, and some 401k fiduciaries may find they’ve been doing the wrong thing.
Fiduciary News Trending Topics for ERISA Plan Sponsors: Week Ending 9/16/11
Has the SEC screwed the pooch regarding the uniform fiduciary standard? Will the same politics infect the DOL’s proposed Fiduciary Rule and Fee Disclosure Rule?