The Seventh Circuit issued an opinion combining two distinct RLUIPA cases.  Each matter is discussed separately below. World Outreach Church bought a former YMCA building in 2005, and although the building continues to operate as a recreational living facility with space for religious services, the ...

FINRA Investment Adviser Oversight Provision Stripped from House Reform LegislationA floor amendment to the Wall Street Reform and Consumer Protection Act, HR 4173, offered by Rep. Cohen of Tennessee stripped a provision out of the legislation that would have authorized the SEC to delegate the regul ...

FINRA Investment Adviser Oversight Provision Stripped from House Reform LegislationA floor amendment to the Wall Street Reform and Consumer Protection Act, HR 4173, offered by Rep. Cohen of Tennessee stripped a provision out of the legislation that would have authorized the SEC to delegate the regul ...

House Passes Legislation Bringing Auditors of Brokerage Firms within Purview of PCAOB; Enhancing Foreign Regulatory Information SharingClosing a statutory loophole revealed by the Madoff scandal, the House has passed legislation authorizes the PCAOB to flexibly examine the auditors of broker-dealers ...

House Passes Legislation Bringing Auditors of Brokerage Firms within Purview of PCAOB; Enhancing Foreign Regulatory Information SharingClosing a statutory loophole revealed by the Madoff scandal, the House has passed legislation authorizes the PCAOB to flexibly examine the auditors of broker-dealers ...

House Passes Historic Financial Overhaul LegislationThe House of Representatives passed historic legislation today overhauling the US financial regulatory system. The legislation creates a systemic risk regulator, the Federal Stability Oversight Council, whose members include the Fed, the SEC and th ...

House Passes Historic Financial Overhaul LegislationThe House of Representatives passed historic legislation today overhauling the US financial regulatory system. The legislation creates a systemic risk regulator, the Federal Stability Oversight Council, whose members include the Fed, the SEC and th ...

Last year, 13 current and ex- Financial Industry Regulatory executives made over $1 million each, even as the regulatory organization posted a $696.3 million loss ($439 million in investment losses). Compensation included salary, retirement plan awards, and bonuses. This data, reported in Investment ...

Latest Version: House Bill on Financial Reforms We finally have the various pieces of the reform bills separately passed by the House Financial Services Committee a few weeks ago rolled into one document, HR 4173 - "The Wall Street Reform & Consumer Protection Act of 2009." Here is that 1279-page d ...

Thanks so much to my new colleagues at Truth on the Market for inviting me to join an impressive group of scholars on a blog I have followed for many years now. Chairman Frank of House Financial Services has an interesting thought on how to prevent the next financial crisis.  Lets require hedge fun ...