Flawed Rule Bad; Flawed Process Worse

January 12, 2022

Flawed Rule Bad; Flawed Process Worse

SIFMA Raises Concerns on Proposed Securities Loan Reporting Rule

Steven Lofchie

Commentary by Steven Lofchie

SIFMA and the Asset Management Group raised concerns regarding an SEC-proposed rule that would create extensive reporting requirements for any individuals loaning a security.

Chair Powell Addresses Fed Policy and High Inflation at Senate Banking Committee Hearing

In testimony before the Senate Banking Committee at a hearing on his nomination for a second term, Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, concluded that the economy no longer needs the highly accommodative policies in place to deal with the pandemic and the aftermath.

"[W]e will use our tools to support the economy and a strong labor market and to prevent higher inflation from becoming entrenched."

Federal Reserve Board Chair Jerome H. Powell

FINRA Proposes Extension for Remote Office Inspections

FINRA proposed extending temporary rules allowing remote office inspections through calendar year 2022.

Hong Kong Company Settles Charges for Violating Iran Sanctions

A Hong Kong-based offshore trading and cross-border financing company settled its potential civil liability for apparent violations of the Iranian Transactions and Sanctions Regulations.

Investment Adviser Settles SEC Charges for Fee and Conflicts Disclosure Violations

An investment adviser settled SEC charges for breach of fiduciary duty in connection with its affiliates' receipt of third-party compensation related to the sale of shares in mutual funds.

Investment Adviser Settles SEC Charges for Fee-Related Misrepresentations

An investment adviser settled SEC charges relating to alleged misrepresentations on fees and failures to disclose conflicts of interest.