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Court stays B-D exemption rule decision
A federal court on has granted a Securities and Exchange Commission request to give the brokerage industry until Oct. 1 to move assets out of fee-based brokerage accounts.
FPA OK with B-D rule delay
The FPA won't oppose a request for a delay in finding new homes for fee-based brokerage account assets.
FundQuest responds to B-D ruling
FundQuest has launched a service to help firms convert their fee-based brokerage accounts into advisory accounts.
NASD watching broker-dealer rule case
NASD vice chairman Doug Shulman said the NASD is “watching closely how [the Merrill Rule] case sorts out.”
FPA tight-lipped on rule delay response
The FPA, while mum on specifics, will file a response to the SEC's bid to delay the sunset of the broker exemption rule until Oct. 1.
B-D exemption ruling stay filed with court
The SEC wants to give brokerages until Oct. 1 to transition fee-based brokerage assets into alternative accounts.
SIFMA lambastes SEC decision
Wall Street's trade group today blasted the SEC's decision allowing the broker-dealer rule to expire.
Consumers want choice, says SIFMA survey
Investment options for consumers will be dramatically limited if the Securities and Exchange Commission doesn’t appeal the recent rejection of the broker-dealer rule, according to a survey of investors released by the Securities Industry and Financial Markets Association today.
