Barbara Roper's new role as senior advisor to Securities Exchange Commission Chairman Gary Gensler likely signals regulatory changes afoot in several areas — namely Regulation Best Interest and the Customer Relationship Summary, or Form CRS.
Roper's "extensive knowledge of the issues involving standards of conduct and investment products provides her with the unique opportunity to assist the Commission in many areas," Ron Rhoades, associate professor of finance at Western Kentucky University and director of its personal financial planning program, told ThinkAdvisor Thursday in an email.
Roper, former director of investor protection at the Consumer Federation of America, "is likely to examine how 'best interest' can be defined," Rhoades opined, adding that he expects to see "several draft rules emerge in 2022 of a significant nature."
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Melanie Waddell
Melanie is senior editor and Washington bureau chief of ThinkAdvisor. Her ThinkAdvisor coverage zeros in on how politics, policy, legislation and regulations affect the investment advisory space. Melanie’s coverage has been cited in various lawmakers’ reports, letters and bills, and in the Labor Department’s fiduciary rule in 2024. In 2019, Melanie received an Honorable Mention, Range of Work by a Single Author award from @Folio. Melanie joined Investment Advisor magazine as New York bureau chief in 2000. She has been a columnist since 2002. She started her career in Washington in 1994, covering financial issues at American Banker. Since 1997, Melanie has been covering investment-related issues, holding senior editorial positions at American Banker publications in both Washington and New York. Briefly, she was content chief for Internet Capital Group’s EFinancialWorld in New York and wrote freelance articles for Institutional Investor. Melanie holds a bachelor’s degree in English from Towson University. She interned at The Baltimore Sun and its suburban edition.
