by David Schwartz J.D. CPA, Executive Director | Apr 19, 2015 | All
JPMorgan Chase & Co has agreed to pay $100 million to settle a U.S. antitrust lawsuit in which investors accused it and 11 other major banks of rigging prices in the $5 trillion-per-day foreign exchange market. Investors sued the 12 banks alleging that traders at...
by David Schwartz J.D. CPA, Executive Director | Apr 13, 2015 | All, Change Overview and Rationale, Formal Regulatory Remedies
The Department of Labor has issued its long awaited reproposal of fiduciary standards for advisors of ERISA retirement plans. These new rules propose to expand the scope of the the definition of fiduciary under ERISA in order to capture more of the current services of...
by David Schwartz J.D. CPA, Executive Director | Mar 24, 2015 | All, Formal Regulatory Remedies
In a March 4, 2015 letter, two House Republicans requested answers from Department of Labor (DOL) Secretary Thomas E. Perez about the process for devising new fiduciary rules for investment professionals providing services to retirement plans. Representative John...
by David Schwartz J.D. CPA, Executive Director | Mar 19, 2015 | All, Change Overview and Rationale, Formal Regulatory Remedies
Pursuant to a mandate in the Dodd-Frank act, both the Department of Labor and the Securities and Exchange Commission have been working to develop uniform fiduciary standards for investment advisers and broker-dealers. The efforts of the DOL and SEC have unfolded over...
by David Schwartz J.D. CPA, Executive Director | Mar 19, 2015 | All, ROSE
The focus of the Winter 2015 ROSE Program was global securities financing data collection and aggregation. This year, Five teams of Fordham University graduate and undergraduate students researched and drafted comment responses to the Financial Stability Board’s...
