New no-action letters from the SEC allow U.S. broker-dealers and money managers more time to prepare for new European regulations and MiFID II’s demand for unbundled research.
Joe Mont
Posted inAccounting & Auditing
Accountants lobby GOP with tax reform wish list
In a letter to Republican party officials, the American Institute of CPAs outlines tax reform priorities and concerns. “If Congress lowers the income tax rates for C corporations, all types of business entities should receive a rate reduction,” it says.
Posted inUncategorized
New York’s AG battles White House over coal subsidies
New York Attorney General Eric Schneiderman is going to war with the White House, trying to put an end to a Department of Energy plan to subsidize coal-burning power plants.
Posted inUncategorized
FTC expands enforcement guidance on childrens’ privacy laws
The Federal Trade Commission has expanded its guidance for companies coming into compliance with the Children’s Online Privacy Protection Act. The changes apply to the collection of voice recordings.
Posted inUncategorized
Congressional hearing puts SEC nominees in the spotlight
This week, the Senate Banking Committee held its first nomination hearing for Hester Peirce and Robert Jackson, President Trump’s nominees for to serve as SEC commissioners.
Posted inUncategorized
Senate kills CFPB mandatory arbitration ban
With Vice President Mike Pence breaking a 50-50 vote tie, the Senate has quashed the CFPB’s controversial ban on the mandatory arbitration clauses widely used by financial services firms.
Posted inUncategorized
Could the SEC hop on the blockchain bandwagon?
There are plenty of anticipated benefits and pitfalls to blockchain technology. Can regulators also leverage distributed ledger technology to revolutionize market oversight and investor protection?
Posted inEthics & Culture
Everybody lies: Corporate veracity in a post-truth world
The truth is out there. But does it really matter anymore? A look at the impact of truth versus and lies in the business world.
Posted inUncategorized
CFPB outlines principles for consumer financial data sharing
The CFPB has outlined new “principles” for financial services firms when they aggregate consumer data and share it with third parties, even if those agreements facilitate services requested by customers.
Posted inUncategorized
House bills target fiduciary rule, CFPB oversight, privacy notices, more
The Financial Services Committee has advanced a slate of 22 bills. Among the topics: data protections for the SEC’s Consolidated Audit Trail, the thresholds for SIFI designations, supporting emerging growth companies, and killing the Department of Labor’s fiduciary duty rule.
