Financial Services Institute

State regulators to hike exam fees for Series 63, 65 and 66

By Melanie Waddell | April 18, 2013

Despite increased costs of maintaining the exams, NASAA says the exam fees have not increased for the past four years.

New York Life on a hiring tear

By Noah Guillaume | March 15, 2013

The insurer announced an ambitious hiring goal for 2013 with a special focus on women and cultural markets.

Industry girds for DOL fiduciary rule

By Arthur D. Postal | January 29, 2013

Agents and brokers continue to fear that the new regulation, if finalized, would eliminate commissions and "price out" many American IRA holders from affordable financial advice.

Mary Jo White to be new SEC chair

By Liz Festa | January 24, 2013

The former New York prosecuter will oversee the SEC's plan to create a uniform fiduciary standard rule.

Marsh & McLennan makes two acquisitions

By Noah Guillaume | January 18, 2013

The subsidiary of broker Marsh Inc. acquired Liscomb Hood Mason and McGraw Wentworth.

Borzi: DOL to offer new version of fiduciary rule in "several months"

By Melanie Waddell | December 10, 2012

The Department of Labor plans to repropose its controversial rule to amend the definition of fiduciary under ERISA “in several months,” Phyllis Borzi said on Friday.

12 key post-election personnel moves

By Arthur D. Postal | November 12, 2012

The results of the election will generate substantive change in who makes the decisions affecting the insurance industry in Washington. Here is a look at the key people certain to be impacted by the change.

To Thwart SRO, Rep. Waters Introduces User Fee Bill

By Melanie Waddell, AdvisorOne | July 30, 2012

As she said she would, Rep. Maxine Waters, D-Calif., introduced on Wednesday the Investment Adviser Examination Improvement Act of 2012, which would allow the Securities and Exchange Commission (SEC) to collect user fees from advisors to fund their exams in lieu of a self-regulatory organization (SRO).

FSI Fires Back on DOL's 'Disappointment' with Industry Data Collection

By Elizabeth Festa | July 10, 2012

The FSI's letter is a direct response to the June 20 letter from Phyllis Borzi to Congressmen, Education and Workforce Committee Chair John Kline, R-Minn., and Ranking Member George Miller, D-Calif.

Waters Tries to Ice SRO Bill

By Arthur D. Postal | July 1, 2012

Legislation has been proposed that would authorize the Securities and Exchange Commission to levy fees on investment advisors in order to pay for more diligent oversight of those registered as advisors.