SIFMA and FIA urged the FTC not to adopt its proposed "Non-Compete Clause Rule," which would effectively prevent employers from implementing non-compete clauses.
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SIFMA asked the MSRB to broaden a proposed exemption to allow individuals who have been out of the securities industry for a limited time to requalify without having to retake examinations. SIFMA urged the MSRB to harmonize the exemption with requirements for muni dealers and broker dealers.
In response to an Institutional Shareholder Services request for comment on proposed changes to its benchmark voting policies, the Council of Institutional Investors expressed support for proposals on equal voting rights as to all equity shares, greater board diversity, and climate-related board accountability policies.
SIFMA Asset Management Group and the National Futures Association urged the CFTC to amend its proposal to simplify regulatory obligations for commodity pool operators and commodity trading advisors.
Industry associations warned the SEC that its proposal on incentive-based compensation arrangements imposes restraints that exceed Dodd-Frank Act rules intended to discourage inappropriate risk-taking at Covered Financial Institutions.