The macro environment in Q3 (and for much of 2018) has been dominated by policy divergence: whereas fiscal stimulus buoyed the U.S., Chinese growth weakened as a result of the escalation trade war combined with Beijing’s attempts to constrain credit growth. This policy divergence has produced a powerful tailwind for the U.S. dollar and U.S. equities and corresponding headwinds for global equities
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The Office of Compliance Inspections and Examinations (OCIE) of the SEC has recently reiterated guidance that they plan to evaluate the cybersecurity practices of Registered Investment Advisors (RIAs) as part of their National Exam Program (NEP). The OCIE will be evaluating advisers in regards to their ability to fend off cybersecurity attacks and respond appropriately if an incident occurs. To guard against attacks and avoid OCIE penalties, firms should take steps now to review and enhance their current cybersecurity posture
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This past Saturday was not unlike most of my recent Saturdays. I woke up around 7:30, fed my seemingly perpetually starving Siamese cats, and contemplated the end of what was yet another *fabulous* infrastructure week here in the good ole U.S. of A, all before heading out to stress shop
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Decentralised blockchain businesses and applications are proliferating in Europe just as they are in the U.S. and other jurisdictions. As is often the case, legal and regulatory developments in the U.S. have tended to dominate the headlines with the SEC bringing cases against a large number of token issuers on the basis that such tokens are ‘securities’ for U.S. regulatory purposes
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The Tax Cuts and Jobs Act of 2017, has been regarded as the most far-reaching tax law passed in more than 30 years. This law has so many provisions that one attractive feature has been largely overlooked in media reports: the creation of Opportunity Zones
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