Investment Management

FSR advocates on behalf of members that provide investment products and services to individual and institutional investors, businesses, not-for-profit organizations, and governments (federal, state, and local); manage investments for themselves or their clients; provide financial, investment, or advisory services; and underwrite, deal-in, or make markets in capital markets financial instruments. 

Current Investment Management Priorities: 

  • Fiduciary Duties and Standards of Care
  • Systemic Risk Review of Asset Management
  • Retirement Planning and Saving
  • Regulating Municipal Securities Disclosures
  • Investment Funds Regulation
  • Retail Securities Issues
  • U.S. Securities Market Structure, Resiliency and Oversight

Letter of Support: H.R. 4167, the Restoring Proven Financing for American Employers Act, 4/29/14

April 29, 2014

H.R. 4167 would exempt CLO assets that were issued before January 31, 2014 from the investment prohibitions of the Volcker Rule and would affirm that investment manager oversight provisions common to the vast majority of CLOs remain permissible. As a result, the bill will ensure that banks can continue to participate in a funding process that is critical to the financing of hundreds of small- and medium-size businesses.

Tonnie Wybensinger Joins FSR as New VP of Government Affairs

April 29, 2014

“As one of Washington’s top experts in investment management and public policy, Tonnie will be an important member of FSR’s team” said FSR CEO and President Tim Pawlenty. “As we significantly increase our advocacy in Washington on investment management issues, Tonnie’s unique experience working in both chambers of Congress will ensure FSR is a leading voice informing policymakers on smart and effective policies.”


Letter re: Dissemination of Asset-Level Data, 4/28/14

April 29, 2014

The Securities Industry and Financial Markets Association and the Financial Services Roundtable appreciate the opportunity to provide further comments on the Commission’s February 25, 2014, staff memorandum, suggesting that issuers might use their websites to disseminate asset-level data and other offering information to investors and potential investors with respect to the disclosure and reporting requirements for asset-backed securities.


FSR & SIFMA Ask SEC to Re-Propose ABS Releases

March 31, 2014

SIFMA and FSR commend the Commission for its continuing efforts to promote more efficient and transparent ABS markets and for facilitating dialogue on its regulatory proposals. However, we urge the Commission to abandon the flawed approach to the disclosure of asset-level information outlined in the Memorandum, which would expose both consumers and issuers to unwarranted risks and liabilities.

SIFMA and FSR Comment on Dissemination of Asset-Level Data by ABS Issuers

March 28, 2014

The Associations commend the Commission for its continuing efforts to promote more efficient and transparent ABS markets and for facilitating dialogue on its regulatory proposals. Although the Associations’ members generally support the disclosure of asset-level data with respect to some ABS asset classes, we urge the Commission to abandon the flawed disclosure mechanism suggested in the Memorandum, which would expose both consumers and issuers to unwarranted risks and liabilities.


FSR Comments on FINRA CARDS Proposal, 3/21/14

March 22, 2014

FSR identified several concerns with the proposal, including personal privacy and data security concerns. In urging that FINRA not adopt CARDS in its current form, FSR noted that investor confidence would be undermined by the “perception that sensitive financial information could be leaked, abused, or misappropriated.”

Letter re: Ensuring Uninterrupted Access to the Death Master File, 3/18/14

March 19, 2014

The undersigned organizations represent directly or indirectly the vast majority of the employers sponsoring retirement plans in this country. Those employers and their plans’ service providers are existing users of the Death Master File (DMF) and have significant interests in ensuring uninterrupted access to it.


Letter of Support: H.R. 4167, the Restoring Proven Financing for American Employers Act

March 13, 2014

Financial Services Roundtable (“FSR”) supports H.R. 4167, the Restoring Proven Financing for American Employers Act, sponsored by Rep. Andy Barr, and thanks the Committee for its consideration. The bill makes an important improvement to Section 13 of the Bank Holding Company Act (also known as the Volcker Rule) which will aid banking entities in their efforts to provide financing to U.S. companies.

A controversial new rule could affect your 401(k)

March 13, 2014

“We are not quite finished. We haven’t made all of our decisions,” said Phyllis Borzi, the assistant secretary of the Employee Benefits Security Administration, in remarks at a Financial Services Roundtable event. “August is our goal.”