Updated Monday, September 1, 2014 as of 2:49 PM ET

10 Power Players for 2013

That leads to responsible regulation. Most of the laws governing the industry were passed in the aftermath of the stock market crash of 1929. They worked well for 75 years, Helck says, but are outdated. And the necessary modernization has been accelerated by a series of financial crises. That means it is vulnerable to decisions made from panic. "It's not just damage control to keep us from another mortgage meltdown. It's creating a framework to work with more expansive investment choices, rapidly changing technology," Helck explains. "We're just playing at a higher level today."

Get access to this article and thousands more...

All On Wall Street articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, blog discussions, the iPad App, CE Exams, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our daily or weekly e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and growth strategies.

Already Registered?

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.

Already a subscriber? Log in here