What’s Next for Departing Rep. Hensarling?
He might end up heading the CFPB or the housing finance agency. Meanwhile, the House approved bills expanding the accredited investor definition and boosting IPOs.
‘No Evidence’ CFPB’s Cordray Violated US Ethics Rules: Agency
CFPB director Richard Cordray has been cleared of allegations that he improperly positioned himself to run in Ohio’s gubernatorial contest while leading the Obama-era agency.
Ex-Merrill Broker to Pay $5M Over Excessive Commissions, Fees: Enforcement
Meanwhile, a New Yorker pleaded guilty to securities fraud for his role in a Ponzi scheme involving "Hamilton" tickets.
GOP Tax Plan Spares 401(k)s, Targets IRAs
While retirement savings provisions look to be unaltered, the bill eliminates the recharacterization of IRA contributions.
DOL Files Official Delay of Fiduciary Rule
The delay should be approved by OMB in a week or two, lawyer Reish says. Barbara Roper doubts the complete rule will ever take effect.
SEC Warns: Celebrity Investment Endorsements Could Be Unlawful
Floyd Mayweather and Jamie Foxx have promoted ICOs recently; the SEC warns investors not to base decisions on celebrity recommendations.
Questions Arise on Broker Protocol Manager as Morgan Stanley Exits
The law firm in charge of the agreement has powerful clients who are signatories, which could cause conflicts, two attorneys say.
Senate Panel Approves Peirce, Jackson as SEC Commissioners
The nominations now move to the full Senate for consideration.
House GOP Delays Tax Bill Release Until Thursday
Release of the House GOP tax bill that was scheduled for Wednesday has been moved to Thursday.
Senate Democrats Rip GOP Tax Limits on 401(k)s, Offer Their Own Plan
Democrats "have been slack-jawed at the idea that they [GOP lawmakers] just cannot keep their hands off your 401(k),” said Sen. Ron Wyden.