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REGULATORY OUTLOOK
Please join us on April 24, 2018 at 4:00-5:00 PM ET to learn more about the SEC’s EW fiduciary rule proposal.  [4/19/2018]
Consumer Financial Protection Bureau Acting Director Mick Mulvaney has installed an outspoken deregulation advocate to direct policy for the agency's rulemaking arm.  [4/19/2018]
The SEC has unveiled a public service announcement to encourage investors to check the background of their investment professional by using the free search tool on Investor.gov before investing.  [4/18/2018]
The SEC on Wednesday proposed overhauling its conflict of interest rules for brokers, a move likely ensuring that Wall Street won't have to comply with the Obama-era Department of Labor (DOL) fiduciary rule.  [4/18/2018]
FINRA has appointed a high-profile critic of the Department of Labor's fiduciary rule to its board of governors.  [4/17/2018]
Financial firms that reward salespeople with free vacations for promoting retirement investments are pressing the SEC for leniency in a looming rule covering sales practices.  [4/16/2018]
President Donald Trump intends to nominate Dan Berkovitz, a former CFTC general counsel, to fill the final open slot on the commission, the White House said Monday.  [4/16/2018]
Some states controlled by Democrats are taking action to enact fiduciary rules of their own due to uncertainty of whether such rules will be enforced at the federal level.  [4/13/2018]
A risk alert sent out Thursday by the SEC's Office of Compliance Inspections and Examinations detailed the most frequent advisory fee and compliance issues it sees in deficiency letters sent to SEC-registered advisers.  [4/13/2018]
More than 20 firms are being asked by FINRA about their sales of securities linked to the CBOE Volatility Index (VIX) in the months leading up to and including February’s stock-market gyrations, a spokesman for the self-regulator said Wednesday.  [4/12/2018]
CFTC Commissioner Rostin Behnam called for further harmonization of state and federal regulations that may apply to cryptocurrency cash markets.  [4/12/2018]
The SEC plans to consider its version of a fiduciary proposal next Wednesday. In an [4/12/2018]
The Municipal Securities Rulemaking Board (MSRB) has published an issue brief on the regulatory framework for muni market swaps and other derivatives, drawing concern from issuers and dealers who view this as the responsibility of the CFTC.  [4/10/2018]
Wall Street could get the green light to hold back some information from the public about large bond trades under a proposal advanced Monday by an SEC advisory panel.  [4/9/2018]
Scottrade has filed to remove to federal court the recent charge levied by the Massachusetts Securities Division, headed by William Galvin, claiming the broker-dealer violated the US Department of Labor (DOL) fiduciary rule.  [4/7/2018]
By Steven E. Saltzman

By now, everyone is aware that the U.S. Court of the Appeals for the 5th Circuit vacated the entirety of the Department of Labor’s Fiduciary Rule on Thursday last week.  [4/5/2018]
Is your financial services company ready for Q2 regulatory reporting? Stay in compliance and keep on top of deadlines with resources like this table.  [4/5/2018]
Thirteen mutual fund firms, including BlackRock, T. Rowe Price and Vanguard, will soon give retail investors a new tool to assess whether they are getting their money's worth for the higher fees often charged by actively managed stock funds.  [4/5/2018]
Activity at the state level to raise investment-advice standards has slowed recently, as a Maryland lawmaker withdrew a fiduciary provision from his bill, and the time line for a Nevada regulatory proposal remains uncertain.  [4/4/2018]
Mick Mulvaney, acting director of the Consumer Financial Protection Bureau (CFPB), on Monday asked Congress to pursue sweeping changes giving the executive and legislative branches control over the bureau's regulations, leadership, and budget.  [4/3/2018]