Law and regulation

“Last night’s speech showed that he knows that he needs the whole country engaged and to work with him,” BNY Mellon Investment Management CEO Curtis Arledge said of President Obama.

Advisors can calm clients who wanted a Romney victory.

With four more years of the Obama administration, members of the financial advisory industry share their perspectives on what the win means for the industry and the clients they serve.

As the balance of power in Washington is upheld, advisors prepare for tax increases in 2013

The uncertainty has vanished with the re-election of Barack Obama as president. But the incumbent who won a second term last night still has a number of problems that he continues to face – from a sluggish economic recovery, a huge deficit, a stubbornly high unemployment rate and of course, the fiscal cliff.

Elizabeth Warren, the CFPB architect and frequent bank critic, was elected late Tuesday to the Senate, much to the dismay of the financial services industry.

Newfleet Asset Management, an affiliate of Virtus Investment Partners, has named David Albrycht as president and chief investment officer.

President Barack Obama’s victory positions him to claim a mandate for pushing a proposal through Congress that would let tax cuts expire for top earners and avert $1.2 trillion in automatic spending reductions.

In response to the damage and disruption inflicted by Hurricane Sandy, the Securities and Exchange Commission will extend the deadline for regulatory filings for publicly traded companies, investment advisors and other regulated entities.

The regulatory overhaul put in place by the Dodd-Frank Act of 2010 has dramatically reshaped the compliance landscape for investment advisors, with more small firms moving to oversight at the state level, while many large, private fund advisors now find themselves under the purview of the SEC, according to a new survey of advisors.

The Board of Directors of Kinetics Mutual Funds last month approved an overhaul of the Water Infrastructure Fund(KWINX).

Amid the abrupt resignation of CFP Board chairman Alan Goldfarb and allegations of improper disclosure, veteran planner Nancy Kistner takes over leadership of the organization.

Alleged violation centers on how his compensation was reported, he tells Financial Planning.; CFP Board says Goldfarb ‘is not correct’

Two members of CFP Board’s disciplinary and ethics commission also resigned; chairwoman-elect Kistner will start her term early.

Henderson Global Investors is liquidating two international equity funds in December.

Mid-sized banks that mostly let Wall Street and small firms speak for the industry during the debate over the Dodd-Frank Act have decided it’s time to carve out their own agenda in Washington.

The Financial Industry Regulatory Authority has decided to implement a number of regulatory changes designed to help firms and advisors whose business was affected by Hurricane Sandy.

The process of raising standards for the profession continues to be a work in progress. At the CFP Board, we believe that we are raising the bar

Former SEC chairman Arthur Levitt called the lack of an adequate backup plan a “body blow” to the reputation of the New York Stock Exchange. NYSE Euronext called his comments “appallingly and irresponsibly wrong.”

In a continued push to reform regulation for advisors, five independent financial firms have joined the Financial Services Institute.