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Financial Market Legislation
Bill Introduced to Stop Foreign Transaction Taxes
December 06, 2012
Congressman Tom Price (R-GA) has introduced a bill that would make it more difficult for foreign governments to collect taxes on securities transactions occurring on U.S. exchanges. The bill would also specifically protect securities transactions in the U.S. from enforcement of any excise taxes imposed… read more
K&L Gates Guide to Changes in Congress
November 19, 2012
K&L Gates has released its “2012 Election Guide: A Guide to Changes in Congress.” The guide is meant to help readers better understand and keep track of the post-election changes to Congress. In particular, the guide: Lists all new Members of Congress; Lists outgoing… read more
1,500 Hedge Fund Advisers Have Registered with the SEC Since Dodd-Frank
November 06, 2012
More than 1,500 hedge fund advisers have registered with the SEC since the Dodd-Frank Act was enacted. The SEC has commented that this will give the SEC “a comprehensive look at advisers to these types of funds.” Schapiro stated: “Prior to the Dodd-Frank Act,… read more
Legislation Introduced to Permit Increased SEC Fines
July 25, 2012
Senators Jack Reed (D-RI) and Chuck Grassley (R-IA) are introducing legislation to strengthen the SEC's ability to seek higher fines for securities laws violations. The bill would allow the SEC to impose fines of up to $1 million per securities law violation for individuals… read more
FINRA As Investment Adviser SRO
June 13, 2012
In recent testimony before the House Committee on Financial Services, FINRA Chairman and Chief Executive Officer Richard Ketchum discussed FINRA's potential role as a self-regulatory organization (SRO) for investment advisers. Mr. Ketchum discussed the recent convergence of investment adviser and broker-dealer businesses, stating that most… read more