Mark Schoeff Jr.
InvestmentNews
Washington, DC, United States
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Past articles by Mark:
Compensation for top trade association execs
InvestmentNews combed through the tax forms of groups in the financial services space to learn what their CEOs earn, as well as other financial metrics. → Read More
Bob Doll midyear predictions: 10-0 still in play
Bob Doll could still go 10-0 in his market predictions for 2022, according to a midyear update. → Read More
Fidelity, Schwab donors set record for charitable giving
Covid-19 also changed charitable giving targets, as donors supported organizations that provided food and other necessities. → Read More
Fiduciary advocates urge SEC to rename Reg BI, eliminate broker conflicts
SEC should rename Reg Best Interest so investors aren’t confused about the difference between brokers and advisers, fiduciary advocates say. → Read More
Experts anticipate SEC probe of GameStop trading fluctuations
Securities regulators will probe the GameStop trading if they determine that there’s fraudulent intent behind it, experts said Wednesday. → Read More
Biden signals administration will review DOL ESG rule
The Biden administration will review the DOL ESG rule, approved by Trump’s DOL, that could curb the use of ESG in retirement plans. → Read More
Schwab ends political donations permanently after Capitol riot
Schwab said "hyper-partisan environment" led to its decision stop giving political donations to campaigns. → Read More
Interest groups rethink political donations to lawmakers
Washington trade associations are wrestling with how to change their political donations policies in the wake of the riot at the Capitol. → Read More
Number of female, Black and Hispanic CFPs increases
Financial professionals with CFPs hit an all-time high in 2020, while the number of female, Black and Hispanic CFPs also rose last year. → Read More
Biden agenda could be in danger with razor-thin Senate win
The election results are a win for Democrats but hardly allows the party free rein to advance the Biden agenda. → Read More
Critics say Finra proposal to rein in rogues falls short
A Finra proposal to rein in firms with a history of violations or hiring rogue brokers is being criticized for not doing enought to curb rogues. → Read More
Momentum picks up for state-level best interest rule on annuity sales
Arkansas and Michigan become the latest to adopt the National Association of Insurance Commissioners best interest rule on annuity sales. → Read More
SEC approves new advertising rule to allow testimonials
The changes to the SEC advertising rule, in place since 1961, reflects technological advances like social media, according to the regulator. → Read More
SEC warns advisers of tougher Reg BI exams next year
The SEC will ‘conduct enhanced transaction testing’ to see if firms are compying with Reg BI and acting in customers’ best interests. → Read More
Finra hits Transamerica with $8.8 million sanction
The settlement includes $4.4 million in restitutions to harmed customers over the sales of unsuitable VA, mutual fund and 529 products. → Read More
Robinhood case to test Massachusetts fiduciary rule
Massachusetts took on a difficult case against Robinhood to debut the state’s strengthened investment advice standard for brokers. → Read More
DOL may be too late with final fiduciary rule
The DOL's fiduciary rule becomes effecitve after the Biden administration comes into power meaning its ultimate fate remains unclear. → Read More
House lawmakers introduce ESG legislation to promote sustainability
The ESG legislation, led by Rep. Andy Levin, would require advisers to consider sustainable factors in investment decisions. → Read More
DOL limits retirement-plan proxy votes to those affecting financial returns
The Department of Labor issued a final regulation Friday that would limit retirement plans’ proxy voting to matters that affect their financial performance. → Read More
Lawmakers want SEC to clarify how brokers can hold digital securities
A bipartisan group of lawmakers is calling on the Securities and Exchange Commission to clarify how broker-dealers can hold digital securities. → Read More