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Articles tagged "SIFMA"


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Ron Rhoades:  It is one thing to lobby and inform. It is quite another to orchestrate group boycotts, which are an anti-competitive practice.

Ron Rhoades tells Ira Hammerman that his response on SIFMA's behalf failed to address the 'undeniable' -- the threat of boycotts

The Kentucky professor schools the Washington lobbyist on the looming threat of broker-dealers forcing reps to sacrifice their CFP designations -- and questions Hammerman's math on 'one million employees' he claims to speak on 'behalf' of

June 20, 2019 at 6:37 PM

Ira Hammerman: His column ignores entirely the merits of SIFMA’s recent comments about fiduciary regulatory initiatives. [Photo by LAI Video.]

Securities industry lobbyist Ira Hammerman disputes Ron Rhoades claim broker-dealers may restrain trade by threatening to boycott states with local fiduciary rules

The SIFMA executive vice president and general counsel says neither his organization, nor its constituents, runs afoul of anti-trust laws

June 20, 2019 at 2:37 AM

Brian Hamburger: We were only privy to their regular weekly updates, other firms received the privilege of additional information in advance of those updates.

SIFMA helps oust Bressler, Amery & Ross PC after alleged duplicity -- but weak pledge by replacement means 'issue' remains

Known DOL-rule naysayer Capital Forensics steps in to keep Broker Protocol list and draws immediate fire for stopping short of promise to avoid conflicts

January 31, 2018 at 7:59 PM

Michael Bloomberg: I don’t believe in automation for client service.

Michael Bloomberg steals the SIFMA NYC show by putting his finger on a great robo shortcoming

The Bloomberg founder dismisses auto-advice amid human brokers who cheered SIFMA's ability to keep change in check

November 13, 2014 at 5:30 AM

Paul Tramontano: Whenever we have a process or a system going exactly the way we want it, I tell my staff to break it and rebuild it.

$5 billion and $12 billion RIA principals tell worthy anecdotes (hint, Madoff), reveal secrets, to Barron's moderator at IMCA

Paul Tramontano and Ric Edelman topped a bill that offered a barn-burning tax talk from Kitces

May 9, 2014 at 4:19 AM

Mary Jo White: Anytime you've got the same conduct regulated differently you need to take a close look and see what you should do.

After starring in New Yorker article, Mary Jo White holds SIFMA event spellbound and 'no-admit, no-deny' is still in play

The muscular prosecutor of security fraud and terrorism cases delivered roses -- and maybe some thorns

November 13, 2013 at 5:03 PM

Ron Rhoades:  The broker-dealer, and its financial advisors, received way more compensation than the 0.85% annual amount they stated to Janet.

An X-ray of one affluent, educated and sophisticated investor's portfolio shows how it was chewed up by fees

Helping an ex-Fortune 500 retiree prepare for her appearance before Congress, the author waded through a mountain of paper only to discover that the woman was likely to outlive her portfolio

August 12, 2013 at 3:47 AM

Before the lights went out: A consumer panel says what it knows about what it doesn't.

TD throws its first client-best-interest summit, a micro-event, by 'candlelight' in Palm Beach and ideas rise from the RIA deeps

As members of a consumer panel bitch creatively, fed up advisors dig deep for ideas that depend less on DC vicissitudes and more on RIA will and unity

June 17, 2013 at 4:33 AM

Patrick Burns: Is there really that much of difference between their branch manager's encouraging them to join a new firm versus a recruiter at a Protocol member firm's doing the same?

Why MSSB's legal hardball in Idaho could bring overdue change to the Broker Protocol

As the Broker Protocol nears its 10th birthday, the author argues that branch managers who jump ship and then recruit others deserve legal cover

June 12, 2013 at 5:05 AM

Bill Dwyer is at peace with his decision to leave -- and it was his decision, according to John Hyland.

LPL's Bill Dwyer decides to call it quits and Robert Moore is taking over his duties

The make-it-happen statesman salesman atop a B2B selling scheme cedes control to a Mark Casady favorite

March 1, 2013 at 7:08 AM

Knut Rostad: One unfamiliar with the nuanced differences in play may well ask, 'What, again, is wrong with being suitable?'

Op-Ed: The fiduciary standard is in worse shape than it was four years ago

The teachable moment of Lehman's collapse seems to have dissipated, and forces of dissimilation are winning the day

January 11, 2013 at 4:41 AM

Douglas Hodge: We privatized profit and socialized losses.

New York conference: SIFMA wants members to be like RIAs -- minus the same rules of accountability

Alan Greenspan jumped in on the mea-culpa-fest that included bracingly frank comments from a top Pimco official

October 24, 2012 at 5:32 AM

Steve Lockshin: We cannot be left to regulate ourselves.

Lockshin: All advisors must deal with the threat of low industry standards -- before investors do it for them

The gains of the last 20 years could be scuttled if advisors don't band together to raise the standards of training and education

August 17, 2012 at 4:27 AM

Ron Rhoades: "Suitability" is a failed doctrine. FINRA itself is a colossal failure, by any measure.

An in-depth analysis of FINRA's attempted takeover of RIAs and why the group should be disbanded, Part 2

FINRA's aim is to stamp out small RIAs that compete with its large Wall Street firms. Don't let it happen, pleads NAPFA's new chairman

May 31, 2012 at 5:24 AM

Ron Rhoades: FINRA was already an expert at protecting its large Wall Street firms from competition.

Why FINRA's power grab for RIAs needs to be stopped to avert the death of the profession, Part 1

Looking back from the year 2025, the author recounts how FINRA seized regulatory control and crushed the life out the once-thriving RIA channel

May 30, 2012 at 4:37 AM

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