NY Attorney General Floats Whistleblower Incentive Bill
Whistleblower law "will be the strongest, most comprehensive in the nation, and is long overdue for a state with the world’s most important financial markets."
Bill to Delay DOL Fiduciary Rulemaking Is Revived
Rep. Ann Wagner, R-Mo., has reintroduced a bill to force the SEC to “go first” in issuing a fiduciary rulemaking before DOL.
SEC Probing BDs' Low Number of Suspicious Activity Reports
A BD’s failure to file a required suspicious activity report “is, by itself, a basis for enforcement action,” SEC's Andrew Ceresney says.
Tax Code Should be ‘Tossed Out,’ Expert Tells Senators
At a tax reform hearing, suggestions ranged from raising standard deductions to scrapping the whole tax code and starting from scratch.
Fed’s Yellen: Rate Hike Not Likely Coming Soon
FOMC will consider a rate hike on a "meeting-by-meeting basis," Fed chairwoman Janet Yellen tells the Senate Banking Committee.
Obama Endorses DOL Fiduciary Redraft, Girds for Fight
“If you want to give financial advice, you have to put your clients’ interest first,” Obama said Monday, blasting “backdoor payments” and high fees.
Obama Tells DOL to Move Forward With Its Fiduciary Redraft
President Obama to speak at AARP about DOL’s fiduciary redraft; White House to also release its report on redraft.
SEC’s Gallagher: 4 Things White House Fiduciary Memo Got Wrong
The White House memo supporting the DOL measure is "thinly veiled propaganda designed to generate support for a widely unpopular rulemaking," the SEC commissioner said.
SEC Chief to Break Her Silence on Fiduciary in ‘Short Term’
SEC has been providing "technical assistance" to the DOL on its fiduciary rulemaking, Chairwoman Mary Jo White said Friday morning.
FINRA’s 5 Biggest Fine Categories in 2014
FINRA fines more than doubled in 2014 even as the regulator filed fewer cases, according to the law firm Sutherland Asbill & Brennan.