254 representatives voted for a motion to sidetrack the Bill, while 166 voted against it, with Republican members leading the charge against the Securities and Exchange Commission (SEC), Department of Labor and Democratic Caucus led Bill, US political website The Press Enterprise has reported.
The proposal was an offshoot of the Dodd-Frank reforms spearheaded by the Obama administration following the global financial crisis.
This follows the five-year ban given to another MWL adviser, Nicole Liu, announced by the regulator only two days ago. ...
Per this week’s industry insights from Padua Wealth Data, Sydney-based licensee Gill & Co added two more advisers to its...
Addressing delegates at the AMAFA’s national conference in Hobart managing director Keith Marshall artificial intelligence and automation, regulatory expectations, fewer...
Throughout the day, delegates will benefit from expert keynote presentations, panel discussions and valuable networking opportunities with peers and industry leaders, leaving...
Shane Oliver joined AMP in 1984, becoming Chief Economist in 1994 and is now Chief Economist and Head of Macro...
With the licensee landscape constantly shifting, holding your own license means that your future itself is not tied to someone...
Private credit in a volatile world: why investors are revisiting portfolio resilience From escalating geopolitical conflict to rising oil prices...
As any sensible government body should.
‘Best’ interests simply allows any number of spurious claims to be assessed through the rear view mirror. How can you define ‘Best’. The only sensible standard is ‘In the clients interests’ so that any claim can be assessed against a ‘reasonable person’ standard.
Good to see some politicians have common sense. Now if ASIC, The FPA and the AFA could just exercise the same prudence maybe we wouldnt have PI insurers running for the hills?