Daily Archives: June 28, 2017, 2:00 pm

SEC chairman promises action on fiduciary rule | Financial Planning

SEC Chairman Jay Clayton pledged to move forward on the fiduciary rule in a “coordinated” process with the Department of Labor. Clayton presented the agency’s trimmed-down $1.6 billion budget request before a Senate subcommittee Tuesday, noting more than half would pay for enforcement and examinations. The SEC and Labor Department must work together on “the very complicated issue” of the…

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Supreme Court to Clarify Definition of “Whistleblower” Under The Dodd-Frank Act – Lexology

The U.S. Supreme Court yesterday granted certiorari in Somers v. Digital Realty Trust Inc., a case the Ninth Circuit Court of Appeals decided this past March.1 This is significant because the Supreme Court may clarify how broad the term “whistleblower” is defined under the Dodd-Frank Act. via Supreme Court to Clarify Definition of “Whistleblower” Under The Dodd-Frank Act – Lexology

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