The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) ushered in the most substantial changes to the U.S. financial system since the Great Depression. The statute was 848 pages long and imposed an estimated 27,278 new restrictions—equal to 74 percent of the restrictions created by all other laws passed during the Obama administration combined!… Read More »
Courtesy of Vanessa Villanueva Collao and Verity Winship Distrust in traditional intermediaries after the financial crisis incentivized the crypto community to develop private coinage and to allow different applications (software platforms) to function as a vehicle for funding startups through the Initial Coin Offering (ICO) process. The self-executing nature of smart-contracts enabled decentralization and promised… Read More »
Courtesy of Tom Kubick, Yijun Li, and John Robinson “Generally, the talent pool at lower levels—entry and staff levels—is still adequate, but the talent pool at the leadership level is extremely challenged. In some major markets, tax leadership jobs have stayed unfilled for up to a year because of an inability to find the skillset… Read More »
Courtesy of Micah Hauptman and Stephen Hall Introduction In June 2019, the Securities and Exchange Commission (“SEC”) finalized Regulation Best Interest (“Reg. BI”) on a 3-1 vote, with strong support from the broker-dealer industry and equally strong opposition from investor advocates. The SEC heralded the rule as a pragmatic and effective solution to the longstanding… Read More »
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