Posted July 21, 2023

Analysis: Ten Takeaways from SEC Chair Gary Gensler’s July 19, 2023 Testimony to the Senate Appropriations Subcommittee on Financial Services and General Government

"The themes that dominated the hearing were (1) the pace of SEC rulemaking; (2) cryptocurrency policy and cryptocurrency fraud; and (3) ESG. Other topics receiving significant attention included [...]

By Michael Canning

In Biweekly Bulletin

Posted July 17, 2023

LXR Group’s Bulletin on Capital Markets and Financial Services Policy (July 5 – July 17, 2023)

"As Congress enters its last two weeks of legislative work prior to the August recess, a key question is whether Republicans will be able to capitalize on the ruling as a way to overcome [...]

By Michael Canning

In RIA oversight, Securities and Exchange Commission

Posted July 11, 2023

Analysis: Takeaways From the SEC’s Report to Congress on Abuse of Arbitration by RIAs

"All of this is difficult to square with the fiduciary duties RIAs owe their clients. Remember, the “fiduciary duty” standard applicable to RIAs is intended to set them apart from their [...]