Securities and Exchange Commission Acting Chairman Michael Piwowar says the agency should take the lead in setting investment advice standards, a position he says is more likely with President Donald Trump in office.
The Securities and Exchange Commission plans to propose rules for raising investment advice standards and authorizing non-governmental examinations of advisers next spring, according to its latest regulatory agenda.
A panel of federal financial regulators did on Tuesday what the Securities and Exchange Commission failed to do over the summer – release for public comment a proposal to reform money market mutual funds.
In a presidential election with many competing issues already on the table for the Democrats and Republicans, Putnam Investments chief executive Robert Reynolds wants to turn the conversation to something more substantial: retirement issues.
Sen. Tom Harkin, D-Iowa, chairman of the Senate Health Education Labor and Pensions Committee, would like to create a new private retirement system that is based on professionally managed pools of retirement funds.