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Sep 3, 2024 | 
usnews.com | Francisco Aguilar |Brad Raffensperger |Ben Harris |Paul Andrews
The last few months of the 2024 election season have been chaotic, to put it mildly. But in our work overseeing our states’ elections, we’re accustomed to expecting the unexpected and being prepared for just about anything. As secretaries of state, our job and our highest priority is to ensure that voters are safe when they cast their ballots and feel confident that the outcome of our elections will be fair.
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Aug 15, 2024 | 
usnews.com | Paul Andrews |Albert Hunt |Brianna Navarre
At a time of deep divisions in our politics, there’s one thing Americans agree on. More than 80% of Democrats, Republicans and independent voters say members of Congress should be prohibited from trading stocks, according to recent polling.
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Aug 2, 2024 | 
businesstimes.com.sg | Paul Andrews
Corporate disclosures must be relevant, reliable, comparable, timely, and decision-useful to investorsPublished Sat, Aug 3, 2024 · 05:00 AMAS THE global association of investment professionals, CFA Institute monitors key debates and evolving developments across the investment industry. In recent years, one significant topic of discussion has been the role and application of environmental, social, and governance (ESG) information in the investment management process.
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Jul 31, 2024 | 
fa-mag.com | Paul Andrews
Political populism poses a fundamental threat to ESG investing, with laws being passed and battles being fought in multiple states that would bar ESG considerations from being used in the management of public employee and related pension assets regardless of whether those considerations are material to an investment decision.
But ESG considerations are based on justifiable investment objectives that have been used in good corporate governance for decades.
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Jun 3, 2024 | 
kiplinger.com | Paul Andrews
A large number of Gen Z investors are forgoing the traditional analytical approach to markets and instead turning to guidance from a multitude of "finfluencers" found on popular social media platforms. It’s a trend that carries numerous significant risks, creating a potential wild west atmosphere for investors on sites such as YouTube, TikTok and Instagram. On these platforms, the transparency and ethical standards mandated in traditional financial services companies are often absent.
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Apr 16, 2024 | 
americanbanker.com | Paul Andrews
As a former regulator, secretary general of IOSCO — the International Organization of Securities Commissions — and now as part of CFA Institute, I have been involved in capital markets and financial stability issues for some time. From this perch, I take exception with the constant grumbling of the U.S. banking industry and their lobbyists casting the Basel III process as a threat to the economic prosperity of individual citizens and the overall competitiveness of the U.S. economy.
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Feb 24, 2024 | 
falmouthpacket.co.uk | Paul Andrews
5 1/1 One of Britain's narrowest homes which measures just 3m (9ft) at its widest is on sale - but is surprisingly spacious inside. The quirky property in Wadebridge in Cornwall is on offer £220,000 - and despite its tiny appearance contains a lovely modern home. Agent Bond Oxborough Phillips say the house might be narrow - but is bright and spacious looking inside.
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Feb 14, 2024 | 
nasdaq.com | Paul Andrews
In January, the Securities and Exchange Commission (“SEC”) approved final rules regarding special purpose acquisition companies (“SPACs”). The rules were first proposed back in March 2022. After nearly two years, and two separate comment periods, the final rules come at a time when SPAC market activity has dropped significantly since the gold rush days of 2021-22.
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Jan 24, 2024 | 
nasdaq.com | Paul Andrews
For starters, "Chevron" is not about which gas station you frequent, but a looming legal matter of enormous significance regarding how our federal laws and regulations are implemented and maintained. Long-established rules and regulations need adjustments and guidance to keep pace with the industries and activities they regulate. Since 1984, in a case decided by the U.S. Supreme Court -- Chevron U.S.A., Inc. v. Natural Resources Defense Council, Inc.
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Oct 18, 2023 | 
investmentnews.com | Paul Andrews
The Securities and Exchange Commission recently updated rules that govern how investment fund names must match how the fund is actually invested. It may sound obvious, but for years investors in mutual funds and ETFs have been investing in products whose actual portfolio holdings can stray dramatically from what is implied by the name of the fund. Commonly referred to as style “drift,” that drift or misalignment often reaches levels that may constitute mis-selling of financial products.
