Wall Street Has New MiFID Migraine, Now in Futures Market
Banks are seeking CFTC relief from added regulatory burdens; futures brokers are concerned that compliance could add costs.
Mortgage Lender Charged With Illegal Securities Offering: Enforcement
In other enforcement actions, a fake EDGAR filer pleads guilty to securities fraud charges.
Clayton’s SEC Cracking Down on Individual Wrongdoers
Targeting individuals over institutions consumes more resources, but the “price is worth paying,” the agency's two top enforcers say.
FINRA Board Rife With Conflicts: PIABA
FINRA’s board "has public board members who have very deep ties to the securities industry," said the lawyers' trade group.
CFP Board to Seek More Comments on Conduct Standards
The CFP Board made "meaningful changes" after the first round of comments, Chairman Blaine Aikin said.
DOL Ready to Enforce Fiduciary Rule: Acosta
If firms are willfully violating the best-interest standard, which took effect June 9, Labor will use its enforcement authority, Acosta told lawmakers.
CFPB Director Richard Cordray Will Step Down Before End of November
Cordray’s exit opens the door for President Trump to install a more industry-friendly leader.
Tax Bill Could Be Doomed in Senate Thanks to ACA Mandate Repeal: Valliere
The Finance Committee also made permanent the 20% corporate tax rate and made several other major changes to the bill.
Groups Urge SEC to Update Broker Electronic Retention Rule
WORM storage “is not an effective business continuity or cybersecurity defense tool,” trade groups warn the securities regulator.
SEC Penalties Fall in Trump’s First Year: Study
In its latest fiscal year, Wall Street’s top regulator sought the smallest amount of penalties since 2013.