SEC RESPONSE TO CONGRESS: MANDATORY ARBITRATION AMONG SEC-REGISTERED INVESTMENT ADVISERS. A report by the Staff of the U.S. Securities and Exchange Commission.
"On December 29, 2022, Congress enacted the Consolidated Appropriations Act, 2023, attaching House Report 117-3932. In the House Report, the Committee on Appropriations expressed concerns about [...]
LXR Group Analysis: Eight Takeaways from Last Week’s Back-to-Back Congressional Hearings on SEC Oversight
"The hearing also marked, in LXR’s opinion, the nadir of Congress’s relationship with the Commission in the modern era and, likely, an inflection point in the new House GOP majority’s treatment [...]
In 118th Congress, House Financial Services Committee, Public Policies, Securities and Exchange Commission
Posted Analysis: SEC Chair Gary Gensler’s April 18, 2023 Appearance before the House Financial Services Committee
"In what we view as the most important and consequential exchange of the day, Gary Gensler badly mishandled opening questions from the HFSC Chair about whether the cryptocurrency Ether is a [...]
Senate Banking Continues to Investigate the Crypto Crash, but Next Steps Remain Unclear.
"Tuesday’s hearing was certainly a sign that SBC Chair Sherrod Brown (D-OH) is intent on enacting crypto legislation. In his opening statement, the senator made clear that he has a vision for [...]
Bulletin on Capital Markets & Financial Services Policy – S. 2, Vol. 1 (Jan. 16 – Feb. 10, 2023)
A capital markets package is evolving rapidly in the House. We understand this package is likely to be the based on the September 2022 GOP Capital Formation Principles document, but that [...]
7 Takeaways from Congress’s Recent Hearings with the CEOs of America’s Largest Banks
"In a very unusual step, on the first day of the hearings, before the CEOs had even begun their testimony, Rep. Ed Perlmutter (D-CO) used his prerogative as a subcommittee chair to deliver an [...]
Sens. Lummis, Gillibrand Introduce Landmark Legislation To Create Regulatory Framework For Digital Assets
Today, U.S. Senators Kirsten Gillibrand (D-NY), member of the Senate Agriculture Committee, and Cynthia Lummis (R-WY), member of the Senate Banking Committee, introduced the Responsible Financial [...]
Coalition Letter to SEC Chair Gensler Re RIA Forced Arbitration (May 17 2022)
Coalition Letter to SEC Chair Re RIA Forced Arbitration – May 17 2022
Consumer and Investor Advocates Urge DOL to Act Expeditiously on Fiduciary Rule
WASHINGTON, D.C. (March 15, 2022) — A broad coalition of leading worker, consumer and investor advocates has urged the Department of Labor (DOL) to expeditiously update and strengthen the rules [...]
