by David Schwartz J.D. CPA | Nov 16, 2015 | All, Change Overview and Rationale, Formal Regulatory Remedies
During their most recent meeting, the Financial Stability Oversight Council revealed that the asset management sector remains an area of concern to the super-regulator. According to minutes of the November 2, 2015 meeting, the FSOC has identified six categories of...
by David Schwartz J.D. CPA | May 21, 2015 | All
In a unanimous opinion issued on May 18, 2015, the Supreme Court confirmed a continuing duty of ERISA trustees to monitor investments. Although the case involved a complicated procedural history before arriving at the Supreme Court, the lawsuit presented a fairly...
by David Schwartz J.D. CPA | Jan 19, 2014 | All, Change Overview and Rationale, Formal Regulatory Remedies
In an apparent reaction to strong criticism from legislators, asset management industry groups, and even the Securities and Exchange Commission, the Financial Stability Oversight Counsel (FSOC) has indicated that it may encourage stronger regulation of the asset...
