One of the more anticipated and debated outgrowths of the Dodd-Frank Act was the designation of a self-regulatory organization responsible for investment advisers. Yet, it has recently been reported that
SEC Structure
Intriguing Thoughts on Regulatory Sovereignty
By Fox Rothschild on
In a speech by SEC Commissioner Elisse B. Walter, the SEC, apparently, is indicating a significant shift in its view of cross-border cooperation.
Over many years, the SEC has been viewed as…
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SEC’s IG is at it Again
By Fox Rothschild on
Apparently, despite the Inspector General change, the SEC continues to be beset by problems with its internal operations that its Inspector General has recently pointed out. The OIG has detailed in several…
Recent Legislative Initiatives. . . Yes, We Have Reached the Silly Season
By Fox Rothschild on
Despite the fact people are still unemployed, the drought rages and farmers suffer, and the deficit continues to grow, Congress seems to float absurd legislation across the partisan divide to…
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SEC’s Business Continuity Issues Continue
By Fox Rothschild on
Apparently, despite requiring public companies and regulated entities to prepare for business disruptions, the SEC’s house does not seem to be in order.
In a recent report, the SEC was criticized for…
Will The SEC Address Its Cost-Benefit Analysis?
By Joshua Horn on
The SEC’s obligation to review its proposed rules through a cost-benefit analysis has been under fire for quite some time. More recently, the SEC has been especially criticized in failing…
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“It Feels Like Deja Vu All Over Again”; The SEC Attack On Lawyers
By Joshua Horn on
Yogi Berra’s famous quote seems like it was written for SEC Enforcement Division Director Robert Khuzami, and what has become his all too frequent outcry regarding lawyers who practice before…
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FINRA As The SRO For RIAs, Not So Fast
By Joshua Horn on
The battle lines are being drawn over Congressman Bachus’ bill which would authorize one or more self-regulatory organizations for investments advisers. Many have believed that FINRA would be the obvious choice…
IS THE SEC COOKING THE BOOKS?
By Fox Rothschild on
Recently, SEC Chairman, Mary Shapiro, was called to task for the high number of reported administrative proceedings by Congress. In particular, the SEC was accused of reporting follow on administrative…
A Bill Is Pending That Backs An SRO for RIAs, Which May Be FINRA.
By Joshua Horn on
Congressman Bachus (R-Ala.) introduced a bill that would shift the oversight of registered investment advisers from the SEC to a self-regulatory organization that would report to the SEC. This development…
Continue Reading A Bill Is Pending That Backs An SRO for RIAs, Which May Be FINRA.