TRID Survey; CFPB On Financial Innovation; Primary Dealers Still Top Dogs?

Posted To: Pipeline Press

"A man goes to his nearest zoo. He walks around the entire place and the only animal there is a dog. It was a shih tzu." In a similar vein, I guess, but not humorous in the least, New York's financial regulator is seeking authority to make criminal cases against compliance officers . The Securities and Exchange Commission has a more lenient approach, according to a speech on the issue by Andrew Ceresney, director of the SEC's Enforcement Division. He said the agency would take action against compliance officers "only when the conduct crossed a clear line." We'll see if this moves from investment banks into all financial services... Last week I posted a notice that STRATMOR had launched a "STRATMOR Spotlight" survey entitled "4-Months of TRID - Impact and Experience." STRATMOR Senior Partner...(read more)

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