Whistleblowers reportedly allege fraud at top Canadian buyout firm – Whistleblowers have alleged fraud at Catalyst Capital, The Wall Street Journal reported Wednesday, citing documents it reviewed and people familiar with the matter. The Journal said at least four people have filed complaints with the Ontario Securities Commission. The regulator is beginning to look into the allegations and interviewing people familiar with Catalyst, the newspaper reported. CNBC
One man’s leaker is another man’s whistleblower – President Trump is notoriously obsessed with leaks in his administration — so much so that Attorney General Jeff Sessions made leak investigations a Department of Justice priority. But one man’s leak is another man’s whistleblower. And, with a few exceptions, like the leaking of classified information, whistleblowing is often encouraged, even legally protected. Boston Globe
Labor Dept. Seeks Delay of Consumer Protection Rule for Financial Advisers – Regulators are seeking to delay the deadline for financial advisers to fully comply with a rule that would require them to act in their customers’ best interest, according to a federal court filing on Wednesday. The Labor Department, which sent the proposal to the Office of Management and Budget, said it wanted to push back the full implementation of the so-called fiduciary rule to July 1, 2019, from Jan. 1, 2018, according to a court document filed in Federal District Court in Minnesota. NY Times
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