US Energy Secretary Rick Perry says he will resign by year-end. Perry says in a letter to President Donald Trump that the US is close to energy independence, but the letter does not mention scrutiny of Perry's role in the Ukraine controversy. The Associated Press (17 Oct.)
As the European Securities and Markets Authority awaits comments as part of a consultation on the Market Abuse Regulation, regulators and market participants are expressing divergent views on which issues need attention. Regulators are focused on insider lists and proper handling of insider information, but financial firms are concerned about compliance when making recommendations to clients and when having discussions with investors before a deal is announced. Practice Insight (17 Oct.)
The US House has voted 229-186 to pass a bill that would require the Securities and Exchange Commission to test disclosures it adopts to determine whether they give retail investors necessary information. The bill's sponsor, Rep. Sean Casten, says the measure "ensures that brokers would share information in a way that allows you to make the best investment decision for you and your family." ThinkAdvisor (free registration) (17 Oct.)
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