Despite Senator Elizabeth Warren's demand that Obama replace SEC Chair Mary Jo White, White may have been asked to stay on by both the Clinton and Trump campaigns.
While the SECs involvement provides the brokerage industry another front for battling the White House plan, it also gives the Labor Department cover to proceed on its own.
The Financial Stability Oversight Council is planning to solicit views from the industry and the public on which asset management activities could threaten the financial system.
Democratic and Republican lawmakers are cooperating on legislation that would lift some of the secrecy around the U.S. council that decides which companies pose the biggest risks to the financial system.
There is still time to send Valentines flowers to your favorite officials at the U.S. Securities and Exchange Commission. And thanks to some quick action by the agencys employees union, recipients might actually get them.
DebugScreen: mobile
{
"author": {
"name": "Robert Schmidt",
"webUrl": "/author/profile/robert-schmidt/",
"description": "",
"imageLarge": "https://secure.gravatar.com/avatar/f16d6fc2845f417ea0e93a3f2b6cd37d?s=136&d=mm&r=g",
"estimate": 10,
"social": [],
"articles": [
{
"uri": "/2019/06/14/brokers-aim-to-quash-new-jersey-conflict-rule-now-that-sec-has-approved-reg-bi/",
"title": "Brokers aim to quash New Jersey conflict rule now that SEC has approved Reg BI",
"byline": "Robert Schmidt",
"kicker": "News",
"prettyDate": "June 14, 2019",
"timeToRead": "3 minute",
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2019/06/money-rules-laws-fiduciary.jpg",
"width": "617",
"height": "399"
},
"authors": [
{
"webUrl": "/author/profile/robert-schmidt/",
"name": "Robert Schmidt"
}
],
"kickerNode": [
{
"uri": "/news/",
"sectionName": "News"
}
],
"summary": "Industry groups argued that the New Jersey plan conflicts with federal law.",
"body": null
},
{
"uri": "/2019/05/30/why-wall-street-sees-a-win-in-sec-crackdown-on-broker-conflicts/",
"title": "Why Wall Street sees a win in SEC crackdown on broker conflicts",
"byline": "Ben Bain and Robert Schmidt",
"kicker": "Analysis",
"prettyDate": "May 30, 2019",
"timeToRead": "5 minute",
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2019/05/703-wall-street-sunny-738x415ab-crop-600x338-wall.jpg",
"width": "600",
"height": "338"
},
"authors": [
{
"webUrl": "/author/profile/ben-bain/",
"name": "Ben Bain"
},
{
"webUrl": "/author/profile/robert-schmidt/",
"name": "Robert Schmidt"
}
],
"kickerNode": [
{
"uri": "/analysis/",
"sectionName": "Analysis"
}
],
"summary": "An issue being watched closely is whether the SEC asserts that its best-interest standard preempts any similar regulations adopted by states.",
"body": null
},
{
"uri": "/2016/10/31/despite-elizabeth-warren-wall-streets-top-cop-whit/",
"title": "Despite Elizabeth Warren, Wall Street’s top cop White might stay awhile",
"byline": " Ben Bain, Bloomberg, Robert Schmidt ",
"kicker": "",
"prettyDate": "October 31, 2016",
"timeToRead": "4 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/ben-bain-bloomberg-robert-schmidt/",
"name": "Ben Bain, Bloomberg, Robert Schmidt"
}
],
"kickerNode": [],
"summary": "Despite Senator Elizabeth Warren's demand that Obama replace SEC Chair Mary Jo White, White may have been asked to stay on by both the Clinton and Trump campaigns.",
"body": null
},
{
"uri": "/2015/03/25/sec-plan-on-broker-rules-has-both-sides-cheering-j/",
"title": "SEC plan on broker rules has both sides cheering, jockeying",
"byline": " Dave Michaels, Robert Schmidt ",
"kicker": "",
"prettyDate": "March 25, 2015",
"timeToRead": "5 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/dave-michaels-robert-schmidt/",
"name": "Dave Michaels, Robert Schmidt"
}
],
"kickerNode": [],
"summary": "While the SECs involvement provides the brokerage industry another front for battling the White House plan, it also gives the Labor Department cover to proceed on its own.",
"body": null
},
{
"uri": "/2015/03/11/wall-street-seeks-wedge-in-fight-against-401k-rule/",
"title": "Wall Street seeks wedge in fight against 401(k) rules",
"byline": " Dave Michaels, Robert Schmidt ",
"kicker": "",
"prettyDate": "March 11, 2015",
"timeToRead": "5 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/dave-michaels-robert-schmidt/",
"name": "Dave Michaels, Robert Schmidt"
}
],
"kickerNode": [],
"summary": "The SEC is being drawn into the middle of what promises to be one of the most bruising Wall Street lobbying battles in years.",
"body": null
},
{
"uri": "/2015/01/30/wall-street-lobbies-to-forestall-fiduciary-rule/",
"title": "Wall Street lobbies to forestall fiduciary rule",
"byline": "Robert Schmidt",
"kicker": "",
"prettyDate": "January 30, 2015",
"timeToRead": "7 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/robert-schmidt/",
"name": "Robert Schmidt"
}
],
"kickerNode": [],
"summary": "At meetings at the White House, industry executives warn of harm to savers with small balances.",
"body": null
},
{
"uri": "/2014/11/06/risk-panel-to-review-asset-manager-threats/",
"title": "Risk panel to review asset manager threats",
"byline": "Ian Katz, Robert Schmidt",
"kicker": "",
"prettyDate": "November 06, 2014",
"timeToRead": "4 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/ian-katz-robert-schmidt/",
"name": "Ian Katz, Robert Schmidt"
}
],
"kickerNode": [],
"summary": "The Financial Stability Oversight Council is planning to solicit views from the industry and the public on which asset management activities could threaten the financial system.",
"body": null
},
{
"uri": "/2014/07/22/is-metlife-a-threat/",
"title": "Is MetLife a threat?",
"byline": "Ian Katz, Robert Schmidt",
"kicker": "",
"prettyDate": "July 22, 2014",
"timeToRead": "2 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/ian-katz-robert-schmidt/",
"name": "Ian Katz, Robert Schmidt"
}
],
"kickerNode": [],
"summary": "U.S. regulators are poised to label MetLife Inc. a potential threat to the financial system.",
"body": null
},
{
"uri": "/2014/07/16/bipartisan-bill-targets-secrecy-of-too-big-to-fail/",
"title": "Bipartisan bill targets secrecy of ‘too big to fail’",
"byline": "Cheyenne Hopkins, Bloomberg, Robert Schmidt",
"kicker": "",
"prettyDate": "July 16, 2014",
"timeToRead": "6 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/cheyenne-hopkins-bloomberg-robert-schmidt/",
"name": "Cheyenne Hopkins, Bloomberg, Robert Schmidt"
}
],
"kickerNode": [],
"summary": "Democratic and Republican lawmakers are cooperating on legislation that would lift some of the secrecy around the U.S. council that decides which companies pose the biggest risks to the financial system.",
"body": null
},
{
"uri": "/2014/02/13/sweetheart-deal-lets-sec-employees-get-valentines/",
"title": "Sweetheart deal lets SEC employees get Valentine’s Day deliveries",
"byline": "Robert Schmidt",
"kicker": "",
"prettyDate": "February 13, 2014",
"timeToRead": "3 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/robert-schmidt/",
"name": "Robert Schmidt"
}
],
"kickerNode": [],
"summary": "There is still time to send Valentines flowers to your favorite officials at the U.S. Securities and Exchange Commission. And thanks to some quick action by the agencys employees union, recipients might actually get them.",
"body": null
}
]
}
}
