October 18, 2016
Tuesday’s Regulatory & Legislative Roundup
- The director of the U.S. Securities and Exchange Commission’s examination office said Monday that the office has moved staff to focus on the fast-expanding number of investment advisers regulated by the agency, while upping oversight of the Financial Industry Regulatory Authority.
- UBS Securities LLC and other investment banks have urged the U.S. Supreme Court to review the Second Circuit’s split ruling that the Financial Institutions Reform, Recovery and Enforcement Act extended deadlines for the government to file mortgage-backed securities suits, saying it affects litigation involving $32 billion.
- The U.S. Treasury Department issued its final debt-to-equity rules Thursday, with changes to exempt certain kinds of corporations, employee stock plans and others from regulations meant to curb the tax benefits of corporate inversions.
