For nearly a decade, "wait 'til next year" has been the refrain for proponents of overhauling mortgage giants Fannie Mae and Freddie Mac. For U.S. Senator Bob Corker, arguably the biggest advocate of that push, it will either be next year or never. (Sep 27)
The SEC and the Labor Department are working "closely and constructively" to implement appropriate standards of conduct for financial professionals who advise investors, SEC Chairman Jay Clayton told the Senate Banking Committee; and SEC standards should be "clear and comprehensible to the average investor," consistent across retirement and non-retirement assets, and coordinated with the DOL and state insurance regulators (Sep 26)
Investors worry this could pressure financial markets if global economic expansion fades (Sep 24)
The Cyber Cafe
New SEC unit will target cyber-related misconduct
(Sep 25) -- The Securities and Exchange Commission said it is creating a new cyber unit within the enforcement division, which will focus on wrongdoing such as market manipulation schemes that spread false information through social media, hacking to obtain nonpublic information and misconduct perpetrated on the dark web.