The SEC proposed rescinding its 2010 “pay-to-play” rule for investment advisers, saying it has caused unintended consequences including penalties for small donations and suppression of political speech.
The SEC charged two Bay Area private fund executives in an alleged $80 million Ponzi-like scheme, while final recoveries and penalties remain unresolved after consent judgments await court approval.
The U.S. Securities and Exchange Commission proposed updating rules for registered transfer agents to reflect electronic communications, blockchain technology and services not covered by regulations last substantively revised decades ago.
The SEC and FDA have entered a three-year Memorandum of Understanding to share information and coordinate oversight of financial markets and FDA-regulated products.
Statistics Canada says 59.8% of businesses expect cost-related obstacles over the next three months, while 72.6% remain optimistic about the next 12 months.