Regulatory Developments:
SEC Approves New Debt Research Rule and Amended Equity Research Rule -
On July 16, the SEC approved FINRA Rule 2241, which modifies and clarifies existing rules related to research analysts,...more
7/23/2015
/ Banking Sector ,
CFTC ,
Conflicts of Interest ,
Consumer Financial Protection Bureau (CFPB) ,
Employee Retirement Income Security Act (ERISA) ,
FDIC ,
Federal Reserve ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Institutions ,
OCC ,
Private Student Loans ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Seed Financing ,
Tibble v Edison Int ,
Volcker Rule
Regulatory Developments -
CFPB Outlines Guiding Principles for Faster Payment Networks:
On July 9, the CFPB released an outline of its guiding Consumer Protection Principles (Principles) for protecting consumers as...more
7/16/2015
/ BrokerCheck ,
CFTC ,
Comment Period ,
Consumer Financial Protection Bureau (CFPB) ,
Cross-Border Transactions ,
Employee Retirement Income Security Act (ERISA) ,
Enforcement ,
Federal Register ,
Financial Industry Regulatory Authority (FINRA) ,
Fund of Funds ,
Investment Company Act of 1940 ,
New Regulations ,
No-Action Letters ,
Payment Systems ,
Proposed Regulation ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Tibble v Edison Int
Regulatory Developments -
Agencies Post Public Sections of Resolution Plans:
In a July 6 joint press release, the Federal Reserve Board and FDIC announced that they have posted the public portions of annual...more
7/9/2015
/ Auditors ,
Board of Trustees ,
Closed-End Funds ,
Consent Order ,
Diversity and Inclusion Standards (D&I) ,
Employee Retirement Income Security Act (ERISA) ,
Enforcement Actions ,
FDIC ,
Federal Reserve ,
Fiduciary Duty ,
FSOC ,
Joint Policy Statements ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Tibble v Edison Int ,
Unregistered Brokers
SEC Enforcement Action on FCPA Compliance –
Check the Box Is Not Enough. On May 20 the SEC announced that global resources company BHP Billiton had agreed to pay $25 million to settle charges that it had violated the...more
5/28/2015
/ BHP Billiton ,
Breach of Duty ,
Credit Default Swaps ,
Employee Retirement Income Security Act (ERISA) ,
Enforcement Actions ,
Financial Industry Regulatory Authority (FINRA) ,
Foreign Corrupt Practices Act (FCPA) ,
Institutional Investors ,
Mutual Funds ,
Olympics ,
Pensions ,
Proposed Amendments ,
Public Pension ,
Rulemaking Process ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Statute of Limitations ,
Tibble v Edison Int
Ninth Circuit Denies Rehearing of Northstar v. Schwab. On April 28, the U.S. Court of Appeals for the Ninth Circuit denied the petition of Schwab Investments’ (Schwab) for rehearing and rehearing en banc in the case of...more
4/30/2015
/ 401k ,
Broker-Dealer ,
Convertible Debt ,
Employee Retirement Income Security Act (ERISA) ,
Enforcement ,
Enforcement Actions ,
Fiduciary Duty ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Institutions ,
Insurance Industry ,
Investment Adviser ,
Investment Company Act of 1940 ,
Money Market Funds ,
Municipal Advisers ,
Ontario Securities Commission (OSC) ,
Petition for Writ of Certiorari ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Trustees
Editor’s Note -
The Supreme Court Halts Challenge by Retailers to the Debit Card Interchange Fee Rules: On January 20, 2015, the Supreme Court denied certiorari to a challenge by retailers to debit card interchange fee...more
1/22/2015
/ CFTC ,
Commodity Trading Advisors (CTAs) ,
CPOs ,
Debit Cards ,
Disclosure Requirements ,
Federal Reserve ,
Interchange Fees ,
Investment Adviser ,
National Futures Association ,
Proxy Season ,
Retailers ,
S&P ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Security-Based Swaps ,
Shareholder Proposals