On March 25, 2015, U.S. Representative Jim Himes introduced the Insider Trading Prohibition Act.
On March 25, 2015, the SEC proposed an amendment to Rule 15b9-1 that would require high-frequency trading firms to register with FINRA.
Last week, the Consumer Financial Protection Bureau (CFPB) announced it is seeking public comment from consumers on how the credit card market is functioning following several initiatives imposed by the Credit Card Accountability Responsibility and Disclosure Act of 2009, H.R. 627 (CARD Act), which amended various provisions of the Truth in Lending Act, 15 U.S.C § 1601, et. seq.
The CFPB has moved a step closer to issuing payday loan rules by releasing a press release, factsheet and outline of the proposals it is considering in preparation for convening a small business review panel required by the Small Business Regulatory Enforcement Fairness Act and Dodd-Frank.
The “Asian Infrastructure Investment Bank” (AIIB) was launched by China in 2013. It only became headlined in the world press this month when the United States publicly criticized Britain for announcing its participation.
In March 2015, the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC) reauthorized their 2012 Memorandum of Understanding (MOU), extending it for a three-year term with a few small administrative updates. According to the FTC’s blog post, titled Peace, Love, and Understanding, the two agencies plan to continue to coordinate.
A recent article in the Globe and Mail suggested that the banking industry is about to suffer a huge upheaval from the impact of digital technology.
The SEC yesterday issued its highly anticipated final rules amending Regulation A to allow issuersto raise up to $50 million in any 12 month period through public offering techniques but without registration with the SEC or state blue sky authorities.
On March 25, 2015, the SEC adopted changes to Regulation A as part of the SEC’s obligations under the JOBS Act.
The Securities and Exchange Commission adopted yesterday a new set of regulations entitled Regulation “A+,” designed to provide a more streamlined approach for small and mid-sized companies to offer securities to the public.