Dodd-Frank.com

Comments on SEC Study Regarding Obligations of Brokers, Dealers, and Investment Advisers

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In a recent posting we highlighted issues surrounding the imposition of a fiduciary standard on broker-dealers.  Gauging from the overwhelming majority of comments received to date, the SEC will continue, as expected, to receive strong pushback not only from the largest brokerage houses, but also from solo and smaller firm... Read More

Topics: Public Companies and Securities

Fiduciary Duty Rulemaking Looms for Brokerage Industry

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An article in yesterday’s Wall Street Journal provides a good, short overview of the issues and differing viewpoints surrounding the SEC’s upcoming broker-dealer fiduciary duty rulemaking.   As the article correctly points out, registered investment advisers have long been held to a fiduciary standard vis-a-vis their clients.  The brokerage industry has generally resisted... Read More

Topics: Banking, Litigation, Public Companies and Securities

Preparing for Say-on-Pay

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The Dodd-Frank Wall Street Reform and Consumer Protection Act will require listed public companies to hold periodic say-on-pay shareholder votes.  Say-on-pay votes are non-binding votes on the compensation of an issuer’s executive officers.  Ethan has posted an example of a say-on-pay vote here.   A  June 2010 Towers Watson survey found that... Read More

Topics: Public Companies and Securities