A lawsuit questioning the enforcement authority of the Commodity Futures Trading Commission has petered out after being denied the chance to be heard at the U.S. Supreme Court.
Kyle Brasseur
Posted inRegulatory Policy
Labor Department revives fiduciary rule with new proposal
The U.S. Department of Labor announced the proposal of a new exemption for investment advice fiduciaries designed to replace retirement-focused fiduciary rules made invalid two years ago.
Posted inUncategorized
Twitter adds former FBI general counsel
Social networking platform Twitter beefed up its legal team with the addition of former FBI General Counsel Jim Baker as deputy general counsel.
Posted inAccounting & Auditing
Auditor change: GE dumps KPMG for Deloitte
General Electric announced the appointment of Deloitte as its new independent auditor for fiscal year 2021, ending a relationship with KPMG that dates back to 1909.
Posted inRegulatory Policy
Like it or not, Clayton caught up in Trump machine
SEC head Jay Clayton has largely stayed out of the spotlight … until now, as he finds himself embroiled in a controversy that wasn’t of his own making. Such is life as a cog in the Trump machine.
Posted inEurope
French court upholds Google’s $57M GDPR fine
The top administrative court in France shot down Google’s appeal of a €50 million (U.S. $57 million) fine the tech giant received last year for violations of the EU’s General Data Protection Regulation.
Posted inEthics & Culture
Tumultuous U.S. leadership hurts image of compliance
If “tone at the top” is a benchmark for determining ethical leadership, where does the United States stand?
Posted inRegulatory Enforcement
DOJ Civil Division head to resign
Jody Hunt, head of the Justice Department’s Civil Division, informed staff in an e-mail that he will resign from his role, effective July 3.
Posted inRegulatory Policy
SEC guidance: Areas of focus for Reg BI
The SEC confirmed the June 30 compliance date for its Regulation Best Interest rule, in addition to sharing a handful of areas that deserve attention when making recommendations to investors in accordance with new policy.
Posted inEurope
EDPB task force to probe TikTok privacy practices
The European Data Protection Board will establish a task force to acquire a more comprehensive overview of TikTok’s privacy practices and coordinate any potential actions against the company.
