All articles by Joe Mont – Page 15
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Article
Public comments on SEC’s ‘best interest’ rule hit a deadline
The general public, ahead of Tuesday’s deadline for public comment, has offered constructive criticism of the SEC’s Regulation Best Interest.
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Blog
SEC plans roundtable on proxy access
The Securities and Exchange Commission will host a roundtable later this year to hear from investors, issuers, and other market participants about whether its proxy rules should be refined.
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Podcast
Podcast: Challenges and technologies for mortgage lenders
In this edition of the Compliance Week podcast, we chat with Rose Bogan of Digital Risk about the compliance challenges faced by mortgage lenders and how emerging technology may be coming to the rescue.
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Blog
To ‘protect personal data,’ OSHA is killing an Obama reporting rule
To “better protect personally identifiable information or data that could be re-identified with a particular individual” OSHA has announced plans to rescind provisions of the Obama administration’s “Improve Tracking Workplace Injuries and Illnesses” rule.
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Blog
Federal Reserve launches new compliance bulletin
The Federal Reserve Board has launched a new publication intended to provide bankers with high-level summaries of pertinent supervisory issues.
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Blog
SEC proposes rules to simplify disclosures in registered debt offerings
The SEC has proposed rule amendments to simplify and streamline the financial disclosure requirements applicable to registered debt offerings.
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Blog
Peirce rejects SEC’s rationale for denying bitcoin ETF plan
For the second time, the SEC has rejected a plan to issue and trade shares of a bitcoin ETF. Commissioner Hester Peirce is openly critical of that decision.
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Blog
Senators fret FINRA interpretation of SEC’s ‘Best Interest’ proposal
Democratic senators want FINRA to detail its interpretation of the SEC's proposed standards of conduct rule. FINRA will play a large role in implementing and enforcing the forthcoming rule package.
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Article
Senate committee considers Elad Roisman for SEC vacancy
Elad Roisman, a Republican nominated as an SEC commissioner, made his pitch Tuesday for the job during a nomination hearing before the Senate Banking Committee.
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Blog
SEC charges Fyre Festival founder with investor fraud
The Securities and Exchange Commission announced on Tuesday that New York entrepreneur William McFarland, creator of 2017's disastrous Fyre Festival, has agreed to settle charges arising out of a multi-year offering fraud that raised at least $27.4 million from more than 100 investors.
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Article
CFPB nominee stonewalls way through Senate hearing
Kathy Kraninger is likely to prevail as President Trump’s nominee to head the CFPB, despite her evasive performance during a hearing before the Senate Banking Committee.
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ArticleCalifornia data privacy law creates complications beyond GDPR compliance
To consider California’s new Consumer Privacy Act a locally ported version of the EU’s GDPR regime may be understating the full scope of the newly enacted approach to data privacy.
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Blog
Former Tesla employee files whistleblower tip to SEC
A former Tesla employee, currently being sued by the company for allegedly hacking into proprietary systems, has made a formal whistleblower report to the SEC. Among the issues that may arise in the Commission’s consideration of the case are matters related to potential retaliation and pretaliation.
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BlogSenate Democrats demand that CFPB reinstate advisory board
A coalition of Senate Democrats is demanding that Office of Management and Budget Director Mick Mulvaney, who also heads the CFPB, detail how the latter agency will reassemble its recently disbanded Consumer Advisory Board.
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ArticleProgress in extractive mining disclosures emerges, even as U.S. backs away
A new survey on oil, gas, and mining companies by Oxfam finds they are increasingly adopting full contract disclosure policies, despite governmental protestations. Nevertheless, it cautions, more work remains.
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Blog
DoJ launches new task force on Market Integrity and Consumer Fraud
The Justice Department, empowered by an executive order by President Trump, is creating a new, multi-agency task force on Market Integrity and Consumer Fraud. The plan was detailed, on Wednesday, in public remarks by Deputy Attorney General Rod Rosenstein.
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Blog
SEC pursues Fitbit stock manipulation scheme
The SEC has filed fraud charges against a second defendant in connection with a scheme to manipulate the price of Fitbit securities through false regulatory filings on its EDGAT database system.
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Blog
OFAC eases sanctions on Sudan; terrorism concerns persist
The Trump administration has dropped most of the U.S. sanctions targeting Sudan, also removing it from the list of nations targeted by a controversial travel ban. The White House stopped short, however, of removing the war-torn country from its terrorism watch list.
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Blog
FINRA wants firms to detail dabbling in virtual currencies
FINRA wants the brokerage firms and exchanges it oversees to alert it if they engage in activities related to digital assets and cryptocurrencies.
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Blog
Credit Suisse subsidiary settles FCPA violations
The SEC has announced that Credit Suisse Group AG will pay $30 million to settle allegations that it rigged hiring practices to win business in the obtained investment banking business in the Asia-Pacific region, an FCPA violation. Credit Suisse also agreed to a $47 million settlement with the Justice Department.