Legal

Texas Republican Hensarling to take over from Bachus, but he's said not to be keen on the existing self-regulatory organization bill for advisors.

Fearing that more California cities will use bankruptcy as a way of side-stepping their pension obligations, CalPERS is threatening to sue San Bernardino.

A new survey released Wednesday by the Financial Services Institute suggests that more than three-quarters of advisors believe that a deal will emerge to avert the Fiscal Cliff - but they're also concerned about what will come of the DOL's quest for a Fiduciary Rule.

A majority of investors surveyed recently by BlackRock misunderstood the potential tax implications of exchange traded funds, with 55 percent of respondents saying they were not aware that an ETF could pay capital gains even if the security was not sold at a gain that year.

A deeper look into proposed tax reforms has many fearing a repeat of the 1986 mass extinction.

Let's hope that Mary Schapiro enjoys her retirement from the SEC's leadership - and that the new leadership balances enforcement with efficiency.