The Financial & Political News From Washington
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GOP Takes Over House as Rep. John Boehner (R-OH) Becomes Speaker
Chicago's Bill Dailey Becomes New White House Chief-of-Staff
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The Latest from Capitol Hill:i
"The Hill" The Hill.com
"Roll Call" Roll Call.com
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Political News Sources:
ABC News: http://abcnews.go.com/politics
CNN: http://www.cnn.com/POLITICS/
MSNBC: http://www.msnbc.msn.com/id/3032553/
Reuters: http://www.reuters.com/news/politics
Fox News: http://www.foxnews.com/politics/index.html
BBC News: http://news.bbc.co.uk/2/hi/americas/default.stm
CBS News: http://www.cbsnews.com/sections/politics/main250.
Rolling Stone: http://www.rollingstone.com/politics/campaign2008
The Washington Post: http://www.washingtonpost.com/wp-srv/politics/politics_columnists.html?nid=roll_politicsblogs
The New York Times: http://www.nytimes.com/pages/politics/index.html
The Times of London: http://timesonline.typepad.com/uselections/
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Check All Of The Facts At FactCheck.org - just click below
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Ted Kennedy Dies Senator Edward M. Kennedy, 1932 - 2009 Click here
Jack, Bobby and Ted Kennedy at the Kennedy Compound in
Hyannisport after Jack became the Democratic Party's nominee for President.
Of the 9 nine children of Joseph P. and Rose Kennedy, only youngest daughter, Jean Kennedy Smith,survives. With the passings this month of Edward Kennedy and Eunice Kennedy Shriver, she is the last remaining child of that generation. Kennedy funeral to be held on Saturday, August 29 with buriel
to take place in Washington at Arlington National Cemetary, near his two slain brothers. Click here
WCVB Boston Photo Slideshow Click here
Boston Globe coverage Click here
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Political News Sources:
ABC News: http://abcnews.go.com/politics
CNN: http://www.cnn.com/POLITICS/
MSNBC: http://www.msnbc.msn.com/id/3032553/
Reuters: http://www.reuters.com/news/politics
Fox News: http://www.foxnews.com/politics/index.html
BBC News: http://news.bbc.co.uk/2/hi/americas/default.stm
CBS News: http://www.cbsnews.com/sections/politics/main250.
Rolling Stone: http://www.rollingstone.com/politics/campaign2008
The Washington Post: http://www.washingtonpost.com/wp-srv/politics/politics_columnists.html?nid=roll_politicsblogs
The New York Times: http://www.nytimes.com/pages/politics/index.html
The Times of London: http://timesonline.typepad.com/uselections/
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FINRA's New Proposal Over-Reaching
Asks B/D's to supervise non-brokerage activities. Is it another sign that the bell is tolling for Indy B/D's? Click here
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Political News Sources:
ABC News: http://abcnews.go.com/politics
CNN: http://www.cnn.com/POLITICS/
MSNBC: http://www.msnbc.msn.com/id/3032553/
Reuters: http://www.reuters.com/news/politics
Fox News: http://www.foxnews.com/politics/index.html
BBC News: http://news.bbc.co.uk/2/hi/americas/default.stm
CBS News: http://www.cbsnews.com/sections/politics/main250.
Rolling Stone: http://www.rollingstone.com/politics/campaign2008
The Washington Post: http://www.washingtonpost.com/wp-srv/politics/politics_columnists.html?nid=roll_politicsblogs
The New York Times: http://www.nytimes.com/pages/politics/index.html
The Times of London: http://timesonline.typepad.com/uselections/
Popular Political Blogs:
DailyKos.com - Markos Moulitsas' wildly popular political blog http://www.dailykos.com/
The Huffington Post - Few have Arianna Huffington's status as an ultimate Washington insider. http://www.huffingtonpost.com/
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FSI Engaged on Regulation S-P Issue
On August 24, the SEC commenced Administrative Proceedings against an FSI member firm for alleged violations to Regulation S-P. FSI has been working with our member firm since this issue was raised by SEC examiners over 18 months ago. If the SEC's point of view prevails, this is a potentially precedent-setting action with broad negative consequences for financial advisors, independent broker-dealers and the clients they serve. We have also been in a dialogue with key SEC staff about potential regulatory relief from the SEC's view on this issue. To Read More Click Here: http://www.financialservices.org/content.aspx?page=1§ion=7
FSI Continues Fight for 12b-1 Fees
FSI has engaged in aggressive advocacy efforts to preserve 12b-1 fees and their benefits to investors. These advocacy efforts have taken many forms – participation in the SEC 12b-1 Roundtable (see below), the submission of a written statement by FSI Board member Joe Russo, lobbying of members of the House Financial Services Committee, and the submission of more than 250 comment letters by FSI members utilizing our online Advocacy Action Center.
FSI participated in the SEC's Rule 12b-1 Roundtable on Tuesday, June 19 at the SEC headquarters in Washington, DC. Joe Russo, Chairman & CEO of Advantage Financial Group, and a financial advisor member of FSI's Board of Directors, was part of the Costs & Benefits Panel.
To Read More Click Here: http://www.financialservices.org/content.aspx?page=490§ion=3
FSI Gears Up For Major Fight Over 12b-1's
In a recent discussion with reporters, SEC Chairman Christopher Cox reiterated the intention of the SEC to "reform or repeal" 12(b)-1 fees. Cox indicated that the SEC may consider other ways to allow financial advisors to recover expenses associated with servicing customer's mutual fund accounts. Earlier this week, NASAA President and Alabama Securities Commissioner Joe Borg characterized 12b-1 fees as "abuses" and called for their elimination...
To Read More Click Here: www.financialservices.org
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The U.S. House of Representatives
www.house.gov
The U.S House of Representatives Financial Services Committee
http://financialservices.house.gov/
The NASD
www.nasd.com
The SEC
www.sec.gov
The FSI - Financial Services Institute
www.financialservices.org
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Financial Services Committee, U.S. House of Representatives News
Rep. Barney Frank, D-MA, Chairman
http://financialservices.house.gov/
House Financial Services Committee
Democratic Staff
2129 Rayburn House Office Building
Ph: (202) 225-4247
Click here to write to your Representative about issues relating to
the Financial Services Committee.
comment@todaysadvisor.com
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www.financialservices.org
FSI News
NASD Issues of Interest to FSI Members: http://www.financialservices.org/content.aspx?page=2168§ion=3
Congressional Issues of Interest to FSI Members: http://www.financialservices.org/content.aspx?page=508§ion=3
SEC Issues of Interest to FSI Members: http://www.financialservices.org/content.aspx?page=490§ion=3
http://www.financialservices.org/content.aspx?page=2168§ion=3
comment@todaysadvisor.com
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