Views on the integrity of global capital markets

Jim Allen, CFA

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64 Posts

Biography

Jim Allen, CFA, is head of Americas capital markets policy at CFA Institute. The capital markets group develops and promotes capital markets positions, policies, and standards.

Author's Posts
Peltz’s Tentative and Tenuous Triumph over P&G Points to Proxy Process Problems

Current proxy rules work against shareowners who are trying to vote in alternative and independent board members, but it is shortsighted of firms to ignore owners’ interests.

Changes in Financial Regulation in the Time of Trump: Financial Choice Act

Broad-based proposed legislation could bring wide-sweeping reforms to financial market regulation and undo Dodd–Frank and the DOL Fiduciary Rule.

SEC Fines Merrill Lynch $425M for Flouting Regulations, Putting Investors at Risk

Merrill Lynch disregards existing regulations and puts its customers at risk in the pursuit of short-term gains. SEC fines them $425 million.

Genesis of DOL’s Fiduciary Rule and Why the Political Battle Wages On

Will lawsuits delay implementation of DOL’s fiduciary rule to address conflicts of interest in retirement advice? Why is rule still so politically charged? What hard choices face investors, lawmakers?

Morningstar Report Determines Winners and Losers of DOL Fiduciary Duty Rule

The report on the DOL’s fiduciary rule predicts three market trends will emerge. The rise of robo-advisers is one of them. What are the other two, and who will be the winners and losers of the rule?

SEC Investor Group: Mutual Funds and ETFs Should Provide Better Cost Disclosures

The group is worried about investment fund costs, said CFA Institute managing director Kurt Schacht, CFA. Our study shows even a 1% annual fee can consume over 30% of investors’ returns over 40 years.

DOL Fiduciary Rule: Though Complex It Moves Investment Advice Model in Right Direction

The US Labor Department has released its final fiduciary rules for retirement advice. While the rules steadfastly maintain their requirement for a best-interests contract for most arrangements between investors and nonfiduciary advisers, the federal agency relented on a number of troublesome implementation matters.

Did Investor Stop Orders or Liquidity Disincentives Cause Aug ’15 Flash Crash?

Dennis Dick, CFA: “Circuit breakers and warning systems for stop or market orders are mere band-aids for potentially larger underlying market structural issues ...."

SEC Investor Advisory Group to FASB: Materiality Is Material

In a strongly worded letter to the Financial Accounting Standards Board (FASB), the Investor Advisory Committee (IAC) at the US Securities and Exchange Commission objected to the Board’s proposals to “clarify” materiality, saying it would make matters worse for investors.

David Bowie’s Genius Pushed Bounds of Music and Finance

David Bowie a music and fashion icon, also blazed trails in finance.

Labor Fiduciary Rule Proposal Safe … for Now

Despite attempts to gut, or at least delay, the Labor Department’s fiduciary rule, other priorities ultimately ruled the day for Congressional opponents.

Congress Eyes FSOC Reforms: Funding, SIFIs in Crosshairs

Transparency around SIFI designations and FSOC funding has inspired legislation.

Bank Capital and Liquidity: Systemic Risk Council Tool Shows SIFIs’ Evolution Since 2007

Tool aims to boost transparency of financial operations and help investors to make informed decisions.

Assessing Systemic Risk of Asset Managers: No Need to Name SIFIs but Monitor Industry

Systemic risk overseers should keep a keen eye on all parts of the financial sector, asset management included.



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