China and India will be two of the three largest economies in the world by 2025. But Haiyan Wang says the countries have particular forces to harness and barriers to overcome to realize their full potential.
Securities and Exchange Commission Chairman Jay Clayton told the House Financial Services Committee that the agency may extend the deadline for submitting comments on its proposed standard for financial advice beyond the customary 90 days. Clayton said he would decide about extending the Aug. 7 deadline "in August." ThinkAdvisor (free registration) (21 Jun.)
The US Supreme Court has ruled in a 7-2 decision the way the Securities and Exchange Commission appoints administrative law judges is unconstitutional. The SEC employs five administrative law judges, but the ruling might have ramifications for almost 2,000 fellow judges, who consider issues such as patent disputes and trade matters. Reuters (21 Jun.)
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