Displaying items by tag: regulations

(Beijing)

For the average investor the biggest risk exposure is how…see the full story on our partner Magnifi’s site

(Washington)

While dancing around the subjects for the past couple of years, the chief financial regulators have finally announced a regulation…see the full story on our partner Magnifi’s site

(Shanghai)

Chinese companies allowed to raise funds in the US market saw those funds jump by…see the full story on our partner Magnifi’s site

(New York)

The Premier of the state council of China, Li Keqqiang, announced plans to increase oversight and regulation in the country’s financial and fintech sectors…view the full story on our partner Magnifi’s site

(Washington)

The election is far from decided, but the outcome may very well fall into Biden’s favor. With that in mind, it is worth considering how the industry’s regulatory agenda would change were he to become president. He would almost surely replace Jay Clayton as head of the SEC, but the bigger questions are about Reg BI, the new DOL rule, and whether his administration would seek a strong fiduciary standard. Most industry lawyers think Biden would not seek to throw out existing rules and draft entirely new ones. That would take a great deal of work and time. Much more likely, it appears, would be amendments to Reg BI. The infrastructure of the rule is such that simple tweaks could make it much more robust. Chief among those changes would be defining what “best interest” means and changing the approach to enforcement.

FINSUM: If the SEC put a wide-ranging definition of “best interest” in place and changed to stricter enforcement, you would quickly have a much more robust rule.