Commentary by Steven Lofchie
SEC Commissioners Allison Herren Lee and Elad L. Roisman advocated opposing viewpoints on changing the scope of the statutory definitions and exemptions from registration under the Securities Exchange Act and Securities Act.
In remarks at Practising Law Institute's 2021 SEC Speaks program, SEC Chair Gary Gensler raised regulatory concerns about "the uses of digital analytics in finance."
New SEC Division of Enforcement Director Gurbir Grewal urged firms to focus on "proactive compliance" to ensure that they are continually tailoring their compliance strategies to evolving technologies and regulations.
The CFPB charged a mortgage lender with using exaggerated and misleading home estimates to encourage customers to take out reverse mortgages.
In a case concerning the CFTC's reparations jurisdiction, the agency concluded that reparations provisions under the Commodity Exchange Act extend to the conduct of a person registered in a capacity with one entity when that person acts on behalf of a second, unregistered entity.