Four industry groups have filed another petition before the SEC accusing the regulator of using “backdoor regulation” of 12b-1 fees. “This petition is about the Securities and Exchange Commission’s thirty-year effort to effectively outlaw Rule 12b-1 fees, and the concerted campaign of subregulatory sabotage upon which it embarked when it could not get its way through…

Recent guidance concerning a federal pandemic relief program undercuts lawsuits against the Small Business Administration for barring loan seekers with criminal records, the Trump administration said in a court filing. The memo, filed in the U.S. District Court for the District of Maryland, highlights Wednesday changes to the Paycheck Protection Program that limit a criminal justice restriction in…

Lee County is expanding the ability of law enforcement to use license plate readers along local roadways. The Lee County Board of County Commissioners this week OK’d allowing the Cape Coral and Fort Myers police departments to use poles along county roads for the readers. Read the full article   TweetShareShare0 Shares

Plaintiff Robert Walker comments on the Dawn Desrosiers, et al. v. Governor Charles D. Baker case.   https://nclalegal.org/wp-content/uploads/2020/06/The-Howie-Carr-Show-WCRN-AM.mp3   TweetShareShare0 Shares

Dismantling regulations has been a top priority of President Donald Trump since he came to office. To that end, his 50-plus appointees to the U.S. circuit courts are fast at work. The White House has made opposition to the “administrative state,” or public administration through regulatory agencies, a key litmus test for selecting federal circuit…

Broker-dealers, whose trade groups are petitioning the Securities and Exchange Commission to halt the crackdown on 12b-1 fees, show sufficient disregard for their duty to investors that they should be subject to “special scrutiny” from regulators when Regulation Best Interest is implemented June 30, a prominent member of the SEC’s own Investor Advisory Committee said…