by David Schwartz J.D. CPA | Sep 27, 2012 | All, Formal Regulatory Remedies
In light of the Securities and Exchange Commission’s inability to bring money market fund reforms to a vote, Treasury Secretary Timothy Geithner has announced that the Financial Stability Oversight Council will take the matter in hand. Specifically, Geithner...
by David Schwartz J.D. CPA | Sep 23, 2012 | All, Change Overview and Rationale
With 1,304 funds and €215 billion assets under management, Exchange Traded Funds (ETFs) listed in Europe are a major element of the European fund management industry. However, some feel that European ETFs are hindered by a lack of liquidity as compared to their...
by David Schwartz J.D. CPA | Sep 21, 2012 | All, Formal Regulatory Remedies
Rep. Peter King (R-NY), a member of the House Financial Services Committee, will soon introduce a bill to suspend enforcement of the Volker Rule until the Treasury Department can certify that other countries have adopted and are abiding by similar statutory...
by David Schwartz J.D. CPA | Sep 19, 2012 | All, Formal Regulatory Remedies
On January 5, the Consumer Financial Protection Bureau (CFPB) launched its non-bank supervision program. The initiative is mandated by Dodd-Frank, and will be an extension of the CFPB’s bank supervision program that began last July. The program is intended to ensure... by David Schwartz J.D. CPA | Sep 19, 2012 | All
Mutual funds hold substantial power to influence corporate governance around the world. In the United States alone, mutual funds own over a quarter of the outstanding shares of U.S. stocks. Clearly, this represents an enormous amount of the voting power. And, along...
