Commentary by Steven Lofchie
The DOL will not enforce two rules finalized late last year concerning environmental, social, and governance factors in plan investment decisions and fiduciary duties related to proxy voting and shareholder rights.
In a paper funded by the FINRA Investor Education Foundation, researchers found that online educational interventions increase consumers' ability to recognize and resist fraudulent investment opportunities.
SEC Commissioner Caroline A. Crenshaw disagreed with the current SEC approach to determining the severity of corporate penalties. She argued that the SEC should not take injury to shareholders into account when imposing penalties.
U.S. House Financial Services Committee Chair Maxine Waters urged the banking agencies "to not extend temporary exemptions or make any other reforms to weaken big bank capital and leverage requirements."
The SEC Division of Corporation Finance updated its disclosure guidance with regard to a company's options when its confidential treatment orders are about to expire.