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                  • December 05, 2019

                    House Financial Services Committee Considers Bank Regulator Concerns and Proposed Legislation

                    The House Financial Services Committee considered (i) testimony from federal banking regulators on a broad range of concerns and (ii) several proposed bills imposing additional requirements on financial institutions.
                    Steven.Lofchie@cwt.com's picture
                    Commentary by Steven Lofchie
                  • December 03, 2019

                    SEC Charges Entity and Associated Individuals with Misleading Senior Investors

                    The SEC charged an entity and several associated individuals with misleading 100 investors - most of whom were seniors - resulting in $4.9 million in losses.
                  • November 05, 2019

                    SEC Proposes Amending Investment Adviser Solicitation and Advertising Rules

                    The SEC proposed amending advertising and solicitation rules under the Investment Advisers Act.
                    Steven.Lofchie@cwt.com's picture
                    Commentary by Steven Lofchie
                  • September 27, 2019

                    IOSCO Examines Efforts to Prevent Mis-Selling of Complex Financial Products

                    IOSCO examined members regulators' progress toward implementing suitability standards designed to prevent the mis-selling of complex financial products.
                    Steven.Lofchie@cwt.com's picture
                    Commentary by Steven Lofchie
                  • September 17, 2019

                    Investment Advisers Settle SEC Charges for Breaches of Duty to Advised Funds

                    Two investment adviser subsidiaries settled SEC charges for failing to disclose conflicts of interest and making misleading disclosures to the funds they advised.
                    Kyle.DeYoung@cwt.com's picture
                    Commentary by Kyle DeYoung
                  • September 13, 2019

                    SEC Provides Small-Entity Compliance Guides for Form CRS and Reg. BI

                    The SEC provided separate small-entity guides for broker-dealer compliance with the Client Relationship Summary and Regulation Best Interest.
                    Steven.Lofchie@cwt.com's picture
                    Commentary by Steven Lofchie
                  • August 08, 2019

                    In Your Best Interest: Cabinet Tools Available to Support Regulatory Compliance

                    Regulation Best Interest significantly expands the obligations that broker-dealers owe to retail investors. To assist in navigating these new requirements, the Cabinet produced four new Retail Best Interest Topic Pages.
                  • August 02, 2019

                    SEC Sues Adviser for Breach of Fiduciary Duty and Undisclosed Conflicts of Interest

                    The SEC sued an investment adviser for breach of fiduciary duty and undisclosed conflicts of interest related to revenue sharing arrangements that affected transactions in mutual fund shares.
                    Kyle.DeYoung@cwt.com's picture
                    Commentary by Kyle DeYoung
                  • July 31, 2019

                    FDIC Warns of Credit and Market Risk in the Banking Industry

                    In a 2019 FDIC Risk Review, the agency highlighted credit and market risk as key threats to the banking industry.
                  • July 30, 2019

                    In Your Best Interest: New Cabinet Tools to Support Regulatory Compliance

                    Regulation Best Interest significantly expands the obligations that broker-dealers owe to retail investors. To assist in navigating these new requirements, the Cabinet produced four new Retail Best Interest Topic Pages.
                    Steven.Lofchie@cwt.com's picture
                    Commentary by Steven Lofchie
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