Brooke Southall

Quite the hit piece. Almost comical. “Trump’s SEC has failed us.”  We need more funding for staff, because we’re overworked , our recommendations regarding diversity and ESG were ignored., and we need to protect the investing public because advisors are crooks and the public is too ignorant  to recognize it.  The 2009 crash  requires a new department because people lost money.   As if government failure didn’t cause the crash in the first place.  I got through 20 pages of the 90+ page report , and could no longer tolerate the whining.

Our established checks and balances system works. We need to realize this and minimize the power of lobbying. This administration has given the established companies too much power. Our other problem is complacency. Just because the market has risen doesn’t mean all is good. We might dislike regulators but we need them as a balance to our animal spirits.

to Mr Wilson,

The Government didn't cause the crash. It allowed the circumstances to occur that caused the crash, though lack of regulation and lax enforcement of existing regulations.  It was and is the lazze faire attitude of Republicans and conservatives, in general, that is the cause of financial crises. There is no such thing as a free market, and the reality is, the less regulated it becomes, the more out of control it gets until the next crash.  In which case there are always calls for more regulation.

Yep I had my account stolen from me and wasn't able to do a thing about it the system of halting markets have made them unfair in the fact of the stock can be raised in a second after unhalting in vast amounts I was in a stock that raised from 3 to 38 in one day had the hole time from 6 to 38 it would unhalt for a second be up 5 or more dollars and repeated this process till it killed me the whole time not being able to get out due to the halting I had all my money taken and left in debt because of this corrupt system they've put in place before that system stocks would go crazy sometimes still but at least you had the choice to close while it was moving up not being stuck in it till it reacts it's high of wherever they want

The Trump SEC massively failed investors in 2020 under guise of 'streamlining' and 'harmonization,' according to SEC's own scathing report published today

Barbara Roper

<p>The past two years have been some of the most momentous in the relatively short history of the RIA profession. Legislators and regulators have been gradually embracing the fiduciary standard, though whether it will fully apply to everyone calling themselves advisors remains to be seen.</p>

<p>The Department of Labor’s crusade to lower costs and increase transparency in retirement plans means a spate of new regulations affecting advisors and brokers in that market. Dodd-Frank Financial Reform, meanwhile, continues to unroll across the profession, with the biggest change being a shift to state oversight of RIAs with less than $100 million AUM. In this section, you’ll find continually updated RIABiz.com coverage on all these topics.</p>

RIA Compliance

The federal regulator did Wall Street's bidding and lost its compass, according to a damning Securities and Exchange Commission document.

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