by David Schwartz J.D. CPA | Jan 27, 2016 | All, Change Overview and Rationale, Formal Regulatory Remedies
On January 27, 2016, the Office of Financial Research (OFR), an arm of the Treasury Department created under the Dodd-Frank Act, issued its fourth annual report to Congress. The report highlights the results of OFR research, risks to financial markets, and OFR...
by David Schwartz J.D. CPA | Jan 19, 2016 | All
On January 14, 2016, the SEC announced that a large U.S. broker dealer had agreed to settle charges that its securities lending practices violated federal securities regulations. According to the SEC’s order, the dealer violated Regulation SHO by providing...
by David Schwartz J.D. CPA | Jan 19, 2016 | All, Change Overview and Rationale, Disclosure Regimes, Formal Regulatory Remedies
Both FINRA and the Securities and Exchange Commission have indicated a renewed interest in the fees charged by investment advisors. In a May 2016 notice, FINRA announced a mutual fund fee waiver sweep intended to gather information regarding whether advisors had...
by David Schwartz J.D. CPA | Jan 19, 2016 | All, Change Overview and Rationale, Formal Regulatory Remedies
In a joint statement issued on February 10, 2016, the European Commission (EC) and the U.S. Commodity Futures Trading Commission (CFTC) announced agreement on a common approach regarding requirements for central clearing counterparties (CCPs). The agreement is the...
by David Schwartz J.D. CPA | Jan 18, 2016 | All, Change Overview and Rationale, Formal Regulatory Remedies
The Securities and Exchange Commission’s September 2015 rule proposals addressing mutual fund liquidity issues have not been received with great enthusiasm by the fund industry. Some major players have made it quite clear in their comment letters that they feel the...
