SEC Commissioner Hester M. Peirce that advisers to passive funds should be required to vote along with management (though there are other alternatives, e.g. voting pro rata with other investors.)

In his address, Mr. Barr raised oversight concerns as to the proportion of lending in the economy that comes from non-banks. He should better explain (i) why the 60 percent figure coming from non-banks is worrisome and (ii) if so, what regulatory proposals or actions might push the number down.

Here are a few things to consider. If bank lending is too low a percentage of lending in the economy, then won't raising capital requirements reduce that percentage further? Of the 60 percent…

Why is this not treated as a criminal case where individuals go to jail? This appears to be more than a mere regulatory violation.

Any firm offering options trading to individual customers must review the FINRA guidance closely and consider the extent to which it should revise its procedures in order to meet the standards that FINRA suggests are applicable. It is unlikely that many firms would have procedures that would meet all of these suggested standards.