Rules in Focus is FSR’s regulatory newsletter featuring the latest insights from the Fed, CFPB, SEC and other major regulators that oversee the financial services industry and the implementation of the Dodd Frank law.
FSR Regulatory Updates
The Financial Services Roundtable recently joined with 16 other sector organiza-tions (the Coalition), which, together, represent a cross-section of the American economy, in drafting an advocacy letter to Securities and Exchange Commission (SEC) Chair Mary Jo White requesting that the SEC reinstate the Division of Cor-poration Finance’s policy...
In a February 23 speech at the Headquarters of the AARP, President Obama endorsed the Department of Labor’s (DOL) decision to propose further changes to the definition of “investment-advice fiduciary” under the Employee Retirement Income Security Act (ERISA).
The Securities and Exchange Commission (SEC) recently announced the agenda and panelists for its February 19th roundtable on ways to improve the proxy voting process. The roundtable will be divided into two panels. The panelists are drawn from industry, shareholders, and proxy advisors, and will discuss a variety of issues related to proxy voting.
During a February 5th speech at the American Retirement Initiative’s Winter 2015 Summit, Securities and Exchange Commissioner Luis Aguilar discussed the Securities and Exchange Commission’s (SEC) approach to retirement savings, and faulted the SEC for not strengthening disclosures related to municipal bonds and target date funds.
The Securities and Exchange Commission (SEC) announced that it will host a roundtable on February 19, 2015, to explore ways to improve the proxy voting process. The roundtable, which will be held at the SEC’s Washington, D.C., headquarters, will focus on universal proxy ballots and retail participation in the proxy process.