SEC Reminds Us that Guidance Is Not Binding

The Trump Administration’s attack on regulations just made a sweep through the financial industry. The Securities and Exchange Commission, The Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, National Credit Union Administration, and Office of the Comptroller of the Currency all clarified that staff guidance is not a regulation. SEC Chairman … Read more »

Compliance Bricks and Mortar for September 7

These are some of the compliance-related stories that recently caught my attention or I missed while on vacation. SEC Ratifies Appointment of ALJs and Lifts Stay on Pending Administrative Proceedings The Securities and Exchange Commission (“SEC” or “Commission”) has issued an order clearing the way for cases to proceed before its own administrative law judges … Read more »