Congressional rumblings about outlawing mandatory arbitration clauses are relatively common, but they have not been successful. Ever since a hard-won battle in the 1980s, the industry has been calling the shots about where...more
The U.S. Securities and Exchange Commission announced on Wednesday that recently-hired enforcement director Alex Young K. Oh has resigned after only four days on the job. The agency cited only “personal” reasons for the...more
It is clear that environmental, social, and governance (“ESG”) issues will be an “enhanced focus” for the SEC in 2021. See, the regulator’s recent announcement of an ESG task force and the Division of Examinations priorities...more
3/12/2021
/ Broker-Dealer ,
Digital Assets ,
Environmental Social & Governance (ESG) ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Services Industry ,
FinTech ,
Investment ,
Libor ,
OCIE ,
Private Funds ,
Securities and Exchange Commission (SEC)
Biden’s pick for head of the SEC and the future of Reg BI - In December 2020, Maxine Waters, Chair of the House Committee on Financial Services, wrote a letter to then President-Elect Joe Biden laying out her long wish-list...more
President-Elect Joe Biden is quickly learning that the line of people seeking regulatory reform in the wake of the Trump administration's regulatory free-for-all is getting longer all the time. At the front of the line is...more
1/5/2021
/ Best Interest Standard ,
Biden Administration ,
Conflicts of Interest ,
Department of Labor (DOL) ,
Fiduciary Duty ,
Financial Regulatory Reform ,
Financial Services Committee ,
Financial Services Industry ,
Form CRS ,
Investment ,
Investment Adviser ,
Legislative Agendas ,
Regulation Best Interest ,
Regulation BI ,
Securities Regulation