Congressional Activity

A week that began with federal Judge Jed Rakoff rejecting another SEC settlement - claiming Citigroup's $285 million payment for violations related to mortgage-backed securities ...

Last week, as 150 representatives from the brokerage industry trekked to Capitol Hill to persuade lawmakers that an SRO was necessary for investment advisers, a ...

Lawmakers heard an important voice last week saying an SRO for advisers will be needed if Congress doesn't give the SEC the money to examine ...

At last week's congressional hearing probing potential modifications to the fiduciary duty standard (see related story), one lawmaker recalled his past experience as both an ...

If you were keeping score during last week's House hearing (IA Watch, Sept. 12, 2011), those testifying for an SRO for advisers outnumbered opponents 5-2. ...

Just days before a House subcommittee takes up the issue of an SRO for advisers (IA Watch, Sept. 5, 2011), Sen. Spencer Bachus (R-Ala.) has ...

This is the SRO bill submitted by Rep. Spencer Bachus (R-Ala.) in September 2011.

With the clock winding down toward expiration of the nation's ability to pay its bills, a House subcommittee took time last week to assail the ...

President Obama is asking the Senate to formally approve Washington, D.C. attorney and former SEC staffer Daniel Gallagher as a new SEC commissioner. The president ...

The SEC wouldn't look kindly upon advisory firms that retaliate against a whistleblower but evidence suggests the agency hasn't been so kind to its own ...