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.
Sectors
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.
Middle-Market Public Policy Roundup
The OCC issued a warning of rising corporate debt levels, with one veteran lawmaker comparing current conditions to those before the 2008 subprime mortgage crisis.
Middle-Market Public Policy Roundup
The IRS proposed a change to last year's tax reform legislation that would limit deductions businesses can make on interest expenses.
Educating Lawmakers About Private Capital Is Top Priority in New Congress
ACG New York’s Middle Market Week ends with a discussion of the U.S. midterm elections and their impact on legislative and regulatory activity.
Middle-Market Public Policy Roundup
ACG members met with SEC Chairman Jay Clayton, the Fed's vice chairman for supervision testified before Congress, and the Fed announced forthcoming reports.
Dismissal in Yorkville Advisors Insider Trading Case
Federal court dismisses SEC charges against private fund investment adviser Yorkville Advisors, LLC and firm executives for alleged insider trading tactics.
FATCA Compliance Campaign Announced
The IRS released five new compliance campaigns, which are areas the agency intends to focus on in future audits.