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Big Labor’s Employer Gag Order
Ben Domenech, a right-of-center political commentator and publisher of The Federalist, thought he was having some clean fun when, in response to Vox Media taking steps to counter a union contract campaign, he tweeted a facetious statement telling his employees he would send them “back to the salt mine” if they tried to organize a…
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Financial industry groups seek SEC rule on 12b-1 fee disclosure
Financial industry trade associations and other interest groups are calling on the Securities and Exchange Commission to put forth a new rule governing mutual fund fees and stop what the groups deem to be regulation by enforcement. In a rule-making petition filed Wednesday, four organizations said the SEC should promulgate a rule that defines how…
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Critics Attack SEC For 'Guerrilla Governance' Of Fund Fees
A set of financial services industry advocates petitioned the U.S. Securities and Exchange Commission on Wednesday to end what they call the “backdoor regulation” of fees that mutual fund managers pay investment advisers. The petition from groups like the American Securities Association and the New Civil Liberties Alliance attacks the SEC for using its enforcement…
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SEC's Shuttering of Fund Fees - #NeverNeeded and Never Authorized
Over the past month, the Competitive Enterprise Institute (CEI) and others have pointed to #NeverNeeded regulations that have served no purpose for years and are now hindering our response to the COVID-19 pandemic and to the economic dislocation that enforced social distancing has caused. Now CEI has joined with other industry and policy groups to petition the Securities and…
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SEC's Shuttering of Fund Fees - #NeverNeeded and Never Authorized
Over the past month, the Competitive Enterprise Institute (CEI) and others have pointed to #NeverNeeded regulations that have served no purpose for years and are now hindering our response to the COVID-19 pandemic and to the economic dislocation that enforced social distancing has caused. Now CEI has joined with other industry and policy groups to petition the Securities and…
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Broad Alliance of Financial Services and Public Interest Groups File Petition for Rulemaking Challenging SEC’s Unlawful Regulation by Enforcement
The need for our government to set forth consistent, predictable rules has never been greater, and the Securities and Exchange Commission (SEC) is no exception. Over the last year, the SEC has used its enforcement authority, rather than its rulemaking authority, to change longstanding, widespread, and previously uncontroversial business practices in the mutual fund space. …
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