According to an Investment News report, despite a leaner Securities and Exchange Commission budget for the 2018 fiscal year beginning this October, registered investment advisors can expect more oversight, including a 5 percent increase in “risk-based examinations” to evaluate compliance with applicable regulatory requirements.
Despite calls for “radical change” at Nestlé from activist investor Daniel Loeb’s Third Point hedge fund, the company’s new chief executive, Mark Schneider, is standing firm with the company’s own vision for growth.
The Financial Times reports that State Street Global Advisors, the third-largest asset manager in the world, has asked the Securities and Exchange Commission to prevent companies from adopting the controversial voting structures that give founders more power than shareholders.
What a week it’s been for Whole Foods and its investors.
Earlier in the week, Whole Foods CEO John Mackey blasted activist investor Jana Partners, calling them “greedy bastards” in a Texas Monthly interview. Among his claims, that Jana was using propaganda to destroy both his reputation and that of his company because of self-interest.
Last week, the House passed a Republican-led bill, the Financial Choice Act, which was built to take down Dodd-Frank. The bill’s fate now lies in the Senate’s hands.
Issuer Direct is packing up and heading south to Orlando, Fla., for the NIRI Annual Conference, June 4-7. Like this year’s theme, we also “Break the Mold.” We’re a different kind of company, offering a different kind of investor relations products to help drive change. Speaking of driving…
While potential changes to U.S. banking regulations are underway, the German exchange operator Deutsche Boerse advised the United States to proceed with caution in order to avoid another financial crisis.
Last week, President Trump signed an executive order that set into motion future changes to banking regulations. While these changes won’t be revealed for some time, there is speculation what those changes could entail and how they could potentially affect the banking industry.
Today, President Trump will sign two executive actions that will begin the work of overhauling banking regulations enacted after the 2008 economic meltdown. Regulations, like the 2010 Dodd-Frank Wall Street reform law, that the new administration has deemed as burdensome on financial services firms and consumers.
The recent confirmation hearing for Treasury Secretary nominee Steven Mnuchin as well as his written answers to questions after the hearing revealed much about his views and intentions for the banking industry if confirmed.