Twelve Democratic Senators urged the SEC to re-issue a new anti-corruption rule to implementing provisions of the Dodd-Frank Act "consistent with both Congressional intent and the extractive industry transparency laws in effect in thirty other countries."
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SEC Foreign Corrupt Practices Act Unit Chief Kara Novaco Brockmeyer will leave the agency.
The Consumer Financial Protection Bureau released the Consumer Response Annual Report. The Report covered consumer complaints reported to the agency in 2016.
The Department of Labor issued a final rule delaying the applicability date of the DOL’s rule defining who is a fiduciary under ERISA and Section 4975 of the Internal Revenue Code in connection with the provision of investment advice and certain related prohibited transaction exemptions (including the Best Interest Contract Exemption and the Principal Transaction Exemption) by 60 days.
The CFTC Division of Swap Dealer and Intermediary Oversight granted no-action relief to a university management company from certain commodity pool operator and commodity trading adviser registration requirements.