In a potential boon for businesses, SEC Chairman Jay Clayton says qualifications for waiver issuances may no longer be delayed due to lingering accusations of misconduct.
Joe Mont
Posted inEurope
British Airways faces record-setting GDPR fine of $230 million
British Airways was hit Monday with the largest penalty to date under the EU’s GDPR, a £183.39m (U.S. $230 million) fine stemming from the compromised data of nearly 500,000 customers.
Posted inRegulatory Policy
House moves to cut funding for SEC’s Regulation Best Interest
Joining the growing discontent with the SEC’s Regulation Best Interest, Democrats in the House of Representatives have passed legislation that could starve the quasi-fiduciary standard for investment advice of funding.
Posted inSanctions
FedEx sues Feds over export control burdens related to Huawei dispute
Shipping giant FedEx is suing the federal government in an effort to reverse what it says are impossible to achieve compliance burdens imposed by the Department of Commerce.
Posted inRegulatory Policy
Global regulators strike against shady ‘manufactured credit events’
International regulators are joining forces to strike against what they deem as “opportunistic strategies” and “manufactured credit events” in the multi-trillion-dollar derivatives marketplace. “The continued pursuit of various opportunistic strategies in the credit derivatives markets, including but not limited to those that have been referred to as ‘manufactured credit events,’ may adversely affect the integrity, […]
Posted inData Privacy
Congress takes aim at Big Tech with new bills
Bills working through Congress would make it harder for tech companies to profit from consumer data and force them to better secure networked devices.
Posted inRegulatory Enforcement
Senate approves Lee nomination to SEC
The Senate has approved President Trump’s nomination of Allison Herren Lee, a former aide to Kara Stein, to a seat on the Securities and Exchange Commission.
Posted inData Privacy
Pols target medical billing company at center of data breach
Senators are seeking answers from American Medical Collection Agency, the third-party billing agency at the center of a recent data breach that compromised the personal, financial, and medical information of 20 million patients.
Posted inTechnology
Warner, Rubio urge no retreat from Huawei pressures
A bipartisan duo of senators has expressed concern that the White House might go easy on Huawei to achieve a favorable outcome on trade negotiations.
Posted inData Privacy
Despite critics, Facebook plunges into virtual currency
Amid growing antitrust scrutiny and data privacy complaints, Facebook is nevertheless expanding into the cryptocurrency space.