This Update covers:
- Last week's House Financial Services Committee JOBS Act 2.0 markup, which included votes on legislation to ease regulations on business development companies and simplify the regulatory regime for small M&A advisers;
- Wednesday's HFSC markup of six bills related to the Consumer Financial Protection Bureau;
- Friday's SEC Dodd-Frank Investment Advisory Committee meeting, which includes a proposal to impose user fees on registered investment advisors in order to fund additional SEC examinations; and
- The SEC's first deferred prosecution of an individual, a new tool in the SEC's increased enforcement efforts.
Five JOBS Act 2.0 measures passed the House Financial Services Committee last week, including a controversial measure to reform business development companies. While there was bipartisan agreement on most aspects of the bill, there was bitter disagreement over... (click to continue reading).
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