Advocacy Updates

Federal Reserve Vice Chairman Provides Annual Testimony to Congress

Federal Reserve Vice Chairman for Supervision Randal Quarles spoke to Congress about regulatory issues currently facing the financial system.

Fed Issues First Financial Stability Report, Warns of Corporate Debt Levels

In its first-ever Financial Stability Report issued late last month, the Federal Reserve warned of risks facing the economy, including corporate debt.

IRS Proposes Rules on Interest Deductibility

The IRS is proposing new rules to the 2017 Tax Cuts and Jobs Act, which would limit the amount business can deduct from interest expenses.

SEC’s Enforcement Division Issues Annual Report

The SEC released its annual report, which focused on the agency's efforts to protect "Main Street" investors from bad actors and fraudulent conduct.

Enforcement Action Regarding Failure to Follow Firm Diligence Policies

The SEC issued an enforcement action against an investment advisor for misrepresenting due diligence procedures in communications with clients.