A bipartisan agreement was reached late Wednesday on a federal highway bill that includes provisions to prevent student loan rates from doubling as well as makes adjustments to defined benefit funding requirements.
Burns, who is now director of fund research for the firm, said he believes investors are looking for broader solutions in the ever-expanding ETF space.
Although the SEC has given a temporary pass to broker-dealers on complying with Rule 13h-1, the Large Trader Rule, advisors must still comply if they qualify, which could mean more paperwork, depending on how they handle client securities.
Plans that automatically enroll participants at a rate higher than 3 percent of their salary have a 95 percent participation rate, according to New York Life.
Consensus among the diverse group was that a top goal would be to focus on the protection of retail investors and to boost their confidence in the markets.
Former co-chief of the SEC's Asset Management Unit says the enforcement division has been 'unprecedented in its success'
DebugScreen: mobile
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"articles": [
{
"uri": "/2012/06/28/student-loan-hike-averted-in-highway-bill-compromi/",
"title": "Student loan hike averted in highway bill compromise",
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"prettyDate": "June 28, 2012",
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"summary": "A bipartisan agreement was reached late Wednesday on a federal highway bill that includes provisions to prevent student loan rates from doubling as well as makes adjustments to defined benefit funding requirements.",
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},
{
"uri": "/2012/06/27/no-political-appetite-for-user-fee-approach-on-sro/",
"title": "No political appetite for user fee approach on SROs",
"byline": "Staff Writer",
"kicker": "",
"prettyDate": "June 27, 2012",
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"kickerNode": [],
"summary": "Passage of bill to allow for user fees to fund advisor exams in lieu of SRO very unlikely, says FINRA's VP of regulatory policy.",
"body": null
},
{
"uri": "/2012/06/27/meet-the-southwest-airlines-of-managed-futures/",
"title": "Meet the 'Southwest Airlines' of managed futures",
"byline": "Staff Writer",
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"prettyDate": "June 27, 2012",
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"authors": [
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"kickerNode": [],
"summary": "Following trends can be the best way to work with alternative investments, says the CEO of Longboard, an alternative asset management firm.",
"body": null
},
{
"uri": "/2012/06/22/morningstars-scott-burns-on-the-future-of-etfs/",
"title": "Morningstar's Scott Burns on the future of ETFs",
"byline": "Staff Writer",
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"prettyDate": "June 22, 2012",
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"summary": "Burns, who is now director of fund research for the firm, said he believes investors are looking for broader solutions in the ever-expanding ETF space.",
"body": null
},
{
"uri": "/2012/06/21/secs-large-trader-rules-hit-advisors-too/",
"title": "SEC's large trader rules hit advisors, too",
"byline": "Staff Writer",
"kicker": "",
"prettyDate": "June 21, 2012",
"timeToRead": "4 minute",
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"authors": [
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"summary": "Although the SEC has given a temporary pass to broker-dealers on complying with Rule 13h-1, the Large Trader Rule, advisors must still comply if they qualify, which could mean more paperwork, depending on how they handle client securities.",
"body": null
},
{
"uri": "/2012/06/13/jp-morgans-dimon-to-senators-2-billion-loss-isolat/",
"title": "JP Morgan's Dimon to Senators: $2 billion loss 'isolated event'",
"byline": "Staff Writer",
"kicker": "",
"prettyDate": "June 13, 2012",
"timeToRead": "3 minute",
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"authors": [
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"kickerNode": [],
"summary": "'In hindsight,' CEO Jamie Dimon told lawmakers, 'traders did not have the requisite understanding of the risks they took.'",
"body": null
},
{
"uri": "/2012/06/13/morningstar-finds-big-problem-with-replacement-rat/",
"title": "Morningstar finds big problem with replacement rate calculations",
"byline": "Staff Writer",
"kicker": "",
"prettyDate": "June 13, 2012",
"timeToRead": "3 minute",
"image": {
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"authors": [
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"summary": "A high level of inaccuracy has been found in the replacement rate studies that plan sponsors request, which could hurt your clients.",
"body": null
},
{
"uri": "/2012/06/12/higher-401k-deferral-rates-create-engaged-particip-412-50890/",
"title": "Higher 401(k) deferral rates create engaged participants",
"byline": "Staff Writer",
"kicker": "",
"prettyDate": "June 12, 2012",
"timeToRead": "2 minute",
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"authors": [
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"kickerNode": [],
"summary": "Plans that automatically enroll participants at a rate higher than 3 percent of their salary have a 95 percent participation rate, according to New York Life.",
"body": null
},
{
"uri": "/2012/06/12/new-sec-advisory-committee-to-put-retail-investors/",
"title": "New SEC advisory committee to put retail investors first",
"byline": "Staff Writer",
"kicker": "",
"prettyDate": "June 12, 2012",
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"authors": [
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"summary": "Consensus among the diverse group was that a top goal would be to focus on the protection of retail investors and to boost their confidence in the markets.",
"body": null
},
{
"uri": "/2012/06/08/biggest-sec-enforcement-effort-is-advisor-miscondu-412-51008/",
"title": "Biggest SEC enforcement effort is advisor misconduct",
"byline": "Staff Writer",
"kicker": "",
"prettyDate": "June 08, 2012",
"timeToRead": "3 minute",
"image": {
"uri": "",
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},
"authors": [
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"kickerNode": [],
"summary": "Former co-chief of the SEC's Asset Management Unit says the enforcement division has been 'unprecedented in its success'",
"body": null
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}