Bill Myers
'It offers prosecutors easy opportunities to show that they are doing something to hold Wall Street accountable'
"We're going to have a cleanup in aisle three, and the public is going to ask, 'Where was the oversight?'"
'What I found to be very compelling about this letter are lies that Mr. Gad put in the letter'
Outsourcing rare but multiple roles, funds abound
Regulatory 'firsts' land uncomfortably close to private funds
Banks must prove adequate controls, obtain 'non-objection' letter from supervisory offices
Feds focused on custody, loans, stablecoins, and holding crypto assets legally
Registered advisers struggle with registration, fees, valuations, conflicts of interest and MNPI, Commission data shows
'Hundreds of billions of dollars in fees and expenses are standing between investors and businesses'
Gurbir Grewal, the SEC’s top enforcer, is bristling at suggestions that he and his colleagues are “regulating by enforcement” in either cryptocurrency or ESG disclosures. ...