The Securities and Exchange Commission (“SEC”), on March 31, 2014, announced insider trading charges against two men who allegedly traded on information they overheard from their respective wives.
Canadian Securities Administrators Propose Proxy Advisory Firm Guidance in Respect of Conflicts and Transparency
The Canadian Securities Administrators today published for comment a proposed national policy intended to provide guidance to proxy advisory firms on recommended practices in respect of conflicts of interest, transparency and accuracy.
Consumer Financial Protection Bureau’s Mid-Year Report on Student Loan Complaints Reveals Reports of Auto-Default When Co-Signer Dies or Files Bankruptcy
The Ontario Securities Commission (OSC) has begun discussions with legislators and law enforcement agencies in an effort to expand its powers to include wiretapping rights with respect to parties under investigation.
A congressionally mandated budget report may ring the death knell for proposed legislation that would increase the leverage limit for business development companies (BDCs).
During the past several years, CRE Securitizations were airbrushed off the financial products reviewing podium like a discredited Politburo member.
Following the financial crisis, the U.S. Securities and Exchange Commission has received sharp criticism from the public for its seemingly weak enforcement of Wall Street’s too big to fail banks. Surprisingly, this sentiment was recently echoed from within the SEC.
The CFPB Issues Electronic-Closing Pilot Guidelines and Seeks to Use Technology to Improve the Mortgage Closing Experience
The Consumer Financial Protection Bureau (“CFPB”) recently announced that it is launching an electronic-closing (“e-Closing”) Pilot program designed to address some of the most common concerns relating to the mortgage closing process.
The Ontario Securities Commission’s (OSC) proposed family, friends and business associates exemption (the Ontario Exemption), if adopted, would allow small to medium-sized enterprises (SMEs) to raise capital in Ontario from a broader range of permitted individuals, while imposing concurrent parameters and obligations which promote investor protection and consistency of application.