The SEC is looking to amend liquidity-related disclosure requirements for certain open-end investment management companies. Under the proposal, funds would discuss, in their annual report, the effectiveness of their program.
Joe Mont
Posted inRegulatory Enforcement
Theranos executives charged by SEC for ‘massive fraud’
The SEC has charged Theranos founder and CEO Elizabeth Holmes, and its former President Ramesh “Sunny” Balwani, with raising more than $700 million from investors “through an elaborate, years-long fraud.”
Posted inUncategorized
Post-breach, Equifax remains in a harsh spotlight
For a company embroiled in one of the nation’s largest data breaches, things have been relatively quiet in recent weeks on the Equifax front. That has changed with an insider trading charge, and inclusion in controversial Senate legislation.
Posted inUncategorized
Senators urge NLRB to advance McDonald’s joint-employer case
Sen. Elizabeth Warren (D-Mass.) is leading a group of five senators who wrote to Peter Robb, general counsel of the National Labor Relations Board, requesting that he allow the trial in the McDonald’s joint-employer case to proceed so that a judge may rule on the fast food giant’s liability.
Posted inUncategorized
Senators seek ties between Kushner loans, Citigroup, and Apollo Global Management
A team of senators and representatives is quizzing Citigroup and Apollo Global Management on reports that the companies provided more than $500 million in loans to the businesses of senior advisor to the president Jared Kushner.
Posted inUncategorized
Bill seeks to save kids from identity theft
The Senate has advanced the Protecting Children from Identity Theft Act, bipartisan legislation that would augment the ability of financial institutions to prevent synthetic identity fraud, a scam involving stolen Social Security account numbers.
Posted inUncategorized
Clearing House Association, Financial Services Roundtable combine forces
The Financial Services Roundtable and The Clearing House have announced plans to merge their non-partisan advocacy and research arms.
Posted inUncategorized
Senate’s latest Dodd-Frank reforms get a bipartisan push, but divide Democrats
Bipartisan Senate legislation looks to scale back Dodd-Frank regulations on smaller banks, but critics contend that a rules rollback would benefit big banks more than anyone.
Posted inBoards & Shareholders
Broadcom’s takeover of Qualcomm gets complicated
A government agency has forced a delay to a shareholder meeting that would have set the stage for a hostile takeover of the company at the heart of smartphone technology.
Posted inBoards & Shareholders
Top issues at shareholder meetings include global trade, misconduct
Executive misconduct, cyber-breaches, global trade concerns, demands for transparency, and historic changes brought about by the new tax law are among the topics being discussed in corporate board rooms, according to a new report by BDO USA.
