Blog: ZYMEWORKS INC. : Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K) –

ITEM 7.01 Regulation FD Disclosure

On September 26, 2022, Zymeworks Inc. (the “Company” or “Zymeworks”) issued a
press release announcing that independent proxy advisory firm, Institutional
Shareholder Services (“ISS”), recommended that shareholders of the Company vote
in favor of a resolution to approve a series of transactions, including a
corporate redomicile, at the Company’s upcoming special meeting of
securityholders to be held on October 7, 2022.

On September 26, 2022, the Company filed a press release regarding the
recommendation by ISS with the Canadian securities regulatory authorities on the
System for Electronic Document Analysis and Retrieval at
(“SEDAR”). A copy of this press release is attached as Exhibit 99.1 hereto.

The information under this Item 7.01 of this Current Report on Form 8-K and
Exhibit 99.1 attached hereto are being furnished and shall not be deemed “filed”
for the purposes of Section 18 of the Securities Exchange Act of 1934 (the
“Exchange Act”), or otherwise subject to the liability of that section, nor
shall such information be deemed incorporated by reference in any filing under
the Exchange Act or the Securities Act of 1933, as amended (the “Securities
Act”), regardless of the general incorporation language of such filing, except
as shall be expressly set forth by specific reference in such filing.

Important Information for Investors and Securityholders

This communication is not intended to and does not constitute an offer to sell,
buy or exchange or the solicitation of an offer to sell, buy or exchange any
securities or the solicitation of any vote or approval in any jurisdiction, nor
shall there be any sale, purchase, or exchange of securities or solicitation of
any vote or approval in any jurisdiction in contravention of applicable law. In
connection with the proposed redomicile (the “Redomicile”), Zymeworks has caused
its subsidiary Zymeworks Delaware Inc., a Delaware corporation (“New
Zymeworks”), to file a registration statement on Form S-4, which includes New
Zymeworks’ prospectus as well as Zymeworks’ proxy statement (the “Proxy
Statement/Prospectus”), with the U.S. Securities and Exchange Commission (the
“SEC”) and the appropriate Canadian securities regulatory authorities. Zymeworks
has mailed the Proxy Statement/Prospectus to its shareholders and holders of its
warrants and outstanding equity awards in connection with the proposed
securityholders are able to obtain free copies of the Proxy Statement/Prospectus
and other documents filed with the SEC by Zymeworks or New Zymeworks through the
website maintained by the SEC at (“EDGAR”). Investors and
securityholders are also able to obtain free copies of the Proxy
Statement/Prospectus and other documents filed with Canadian securities
regulatory authorities by Zymeworks, through the website maintained by the
Canadian Securities Administrators on SEDAR. In addition, investors and
securityholders are able to obtain free copies of the documents filed with the
SEC and Canadian securities regulatory authorities on Zymeworks’ website at or by contacting Zymeworks’ corporate secretary.

Participants in the Solicitation

Zymeworks and certain of its directors, executive officers and employees may be
considered participants in the solicitation of proxies in connection with the
proposed Redomicile. Information regarding the persons who may, under the rules
of the SEC, be deemed participants in the solicitation of the securityholders of
Zymeworks in connection with the proposed Redomicile, including a description of
their respective direct or indirect interests, by security holdings or
otherwise, is included in the Proxy Statement/Prospectus described above.
Additional information regarding Zymeworks’ directors and executive officers is
also included in Zymeworks’ Amendment No. 1 to the Annual Report on Form 10-K/A,
which was filed with the SEC and Canadian securities regulatory authorities on
May 2, 2022. This document is available free of charge as described above.


Cautionary Note Regarding Forward-Looking Statements

This communication includes “forward-looking statements” or information within
the meaning of applicable securities legislation, including Section 27A of the
Securities Act, and Section 21E of the Exchange Act. Forward-looking statements
in this communication include, but are not limited to, statements that relate to
expected benefits of the Redomicile; opportunities to enhance long-term value
for securityholders as a U.S. corporation; opportunities to expand the
institutional investor base; ability to commercialize its products in the United
States; and other information that is not historical information. When used
herein, words such as “intention”, “subject to”, believes”, “propose”, “will”,
“future”, “may”, “anticipates”, “pending”, “plans”, “potential”, and similar
expressions are intended to identify forward-looking statements. In addition,
any statements or information that refer to expectations, beliefs, plans,
projections, objectives, performance or other characterizations of future events
or circumstances, including any underlying assumptions, are forward-looking. All
forward-looking statements are based upon Zymeworks’ current expectations and
various assumptions. Actual results could differ materially from those described
or implied by such forward-looking statements as a result of various factors,
including, without limitation: the impact of the COVID-19 pandemic on Zymeworks’
business, research and clinical development plans and timelines and results of
operations, including impact on its clinical trial sites, collaborators, and
contractors who act for or on Zymeworks’ behalf, may be more severe and more
prolonged than currently anticipated; the ability to receive, in a timely manner
and on satisfactory terms, the required securityholder, stock exchange and court
approvals; the anticipated last day of trading Zymeworks common shares on the
NYSE and the anticipated trading of shares of common stock of New Zymeworks
following the completion of the Redomicile; and assumptions in corporate
guidance. Risks and uncertainties include, but are not limited to: the
anticipated benefits of the Redomicile may not be achieved; the receipt of
securityholder, stock exchange and court approvals and satisfaction of other
conditions in connection with the Redomicile may not be obtained; the
anticipated tax consequences and impact of the Redomicile to Zymeworks
securityholders, Zymeworks and New Zymeworks may not materialize; risks relating
to New Zymeworks following the Redomicile, including triggering provisions in
certain agreements that require consent or may result in termination; publicity
resulting from the Redomicile and impacts to the company’s business and share
price; risks that the description of the transactions in external communications
may not properly reflect the underlying legal and tax principles of the
Redomicile; the benefits of being a U.S. corporation on efforts to commercialize
zanidatamab may not be realized; changes in or interpretation of laws or
regulations may prevent the realization of anticipated benefits from the
Redomicile; risks associated with existing or potential lawsuits and regulatory
actions; the impact of disputes arising with partners; and other risks and
uncertainties as described in Zymeworks’ Annual Report on Form 10-K, as amended,
and Quarterly Report on Form 10-Q and as described from time to time in
Zymeworks’ other periodic filings as filed on SEDAR and EDGAR.

Although Zymeworks believes that such forward-looking statements are reasonable,
there can be no assurance they will prove to be correct. Investors should not
place undue reliance on forward-looking statements. The above assumptions, risks
and uncertainties are not exhaustive. Forward-looking statements are made as of
the date hereof and, except as may be required by law, Zymeworks undertakes no
obligation to update, republish, or revise any forward-looking statements to
reflect new information, future events or circumstances or to reflect the
occurrences of unanticipated events.


(d) Exhibits

  No.     Description

99.1        Press Release dated September 26, 2022.

104       Cover Page Interactive Data File (embedded as Inline XBRL document).



© Edgar Online, source Glimpses

Blog: Tunisia promises democratic reform in UN address – Arab News

LONDON:  Tunisia is working on democratic reforms through parliamentary elections in the wake of months of civil unrest, the country’s foreign minister told the UN General Assembly on Monday.

Othman Jerandi said Tunisia’s development goals remain in line with UN ambitions, describing the organization’s agenda as a “ray of hope” for the international community.

A key focus for the country is to restructure debt and create projects that will generate wealth, he added.

“Democracy for Tunisia is a national choice — one that it will not deviate from. We are working on a reform process through parliamentary elections,” said Jerandi.

“This is the will of the people of Tunisia, who are committed to preserving freedom, constitutional rights, rule of law and sovereignty. Tunisia is always on the side of our universal common principles.”

But he warned that amid spiraling global crises — including climate change, migration, food insecurity and natural disasters — each country “has its own challenges, own problems and own characteristics,” and that “one-size-fits-all models” are unfit for purpose.

Jerandi said it is “regrettable that millions of people around the world are being threatened with being left behind because of the imbalance in the international economic system and a lack of solidarity.”

He highlighted the urgency of energy and food crises felt worldwide, saying the COVID-19 pandemic, supply chain issues and the Russia-Ukraine conflict have exacerbated economic woes.

“This is a critical point in our common destiny and history. We must find transformative, radical solutions that allow us to overcome our circumstances and strengthen durability and resilience,” he added.

“Our peoples are watching us and wondering whether the international community will be able to find these transformative solutions, and whether they will show the required political will to overcome these global crises that continue to worsen.”

Jerandi described the process of finding solutions as a constant concern, adding that “at each (UN) session, new issues are added to those that remain.”

He said: “Crises must be addressed from the roots — if not, it is but a temporary solution. We must find new, just solutions as proposed in our common agenda.”

Jerandi listed a series of proposals to the UNGA, saying solutions “can only be developed through multilateral action and in the spirit of solidarity in coordination with the UN.”

He said: “There must be an economic model created that focuses on quality as opposed to the speed of growth — in particular through investment in modern technology and science.” He noted Tunisia’s hosting of a summit on digital development to achieve national goals.

He added: “It is time to move forward on debt management through new approaches. We must adapt the international monetary order and financial systems, which must be based on national specifics and national needs — in particular in developing countries and in Africa.

“These countries have not found the support they expected to overcome challenges and promote growth as well as achieve the (UN) SDGs (Sustainable Development Goals).

“Peoples must be able to regain the resources that have been stolen from them. Africa must achieve equal partnerships, equality and better development.”

Jerandi spoke about the Palestinian issue, which he said “requires the end of occupation and the creation of an independent Palestinian state with Jerusalem as its capital.”

He added: “We must work to overcome disputes through peaceful means, end absurd conflicts and find solutions to just causes.

“We must move beyond analysis and toward actions. Our peoples no longer want to hear empty promises.”

Blog: HELIX ENERGY SOLUTIONS GROUP INC : Change in Directors or Principal Officers, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K) –

Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(d) At its meeting on September 20, 2022, the Board of Directors (the “Board”)
of Helix Energy Solutions Group, Inc. (“Helix”), pursuant to Helix’s By-Laws,
increased the size of the Helix Board from six to eight directors, and also
elected each of Diana Glassman and Paula Harris as a director, both effective as
of September 20, 2022.

Ms. Glassman will serve as a Class II director whose term will expire at Helix’s
2024 Annual Meeting of Shareholders. Ms. Glassman also was appointed by the
Board to serve on the Board’s Corporate Governance and Nominating Committee.
Ms. Harris will serve as a Class III director whose term will expire at Helix’s
next Annual Meeting of Shareholders. Ms. Harris also was appointed by the Board
to serve on the Board’s Compensation Committee. Neither Ms. Glassman nor
Ms. Harris was selected as a director pursuant to any arrangements or
understandings between either of them, Helix or any other person. In addition,
there are no related party transactions between Helix and either Ms. Glassman,
Ms. Harris or their respective immediate families.

In connection with their respective appointments and consistent with Helix’s
current independent director compensation program, each of Ms. Glassman and
Ms. Harris was awarded 9,664 shares of restricted Helix common stock. The number
of shares was determined based on the closing price of Helix common stock on
September 20, 2022, and the shares will vest on the one-year anniversary of the
date of the grant. For their service on the Helix Board and its committees,
Ms. Glassman and Ms. Harris will also receive retainer and other fees in
accordance with Helix’s independent director compensation program.

Item 7.01. Regulation FD Disclosure.

Additional information with regard to Ms. Glassman and Ms. Harris is included in
the press release attached hereto as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Number        Description
99.1            Press Release of Helix Energy Solutions Group, Inc. dated
              September 26, 2022 announcing the appointment of Diana Glassman and
              Paula Harris.
104           Cover Page Interactive Data File (embedded within the Inline XBRL

© Edgar Online, source Glimpses

Blog: Newsom Vetoes Calif. Crypto Regulation Bill As ‘Premature’ – Law360

By Sarah Jarvis (September 26, 2022, 4:06 PM EDT) — California Gov. Gavin Newsom has vetoed a bill that would have regulated digital financial asset companies in the Golden State, calling the proposal “premature” in light of his administration’s recent research and outreach on regulatory approaches, as well as “forthcoming federal actions.”…

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Blog: MARINEMAX INC : Change in Directors or Principal Officers, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K) –

Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Appointment of Mercedes Romero

On September 20, 2022, the Company’s Board of Directors appointed Mercedes
Romero to its Board of Directors effective October 1, 2022. Ms. Romero is the
Global Chief Procurement Officer at Primo Water (Nasdaq: PRMW). She brings over
25 years of diverse experience across industries such as Consumer Packaged Goods
(Procter & Gamble, Clorox), Spirits (Diageo, Campari), Pharmaceutical (Teva),
Retail (Starbucks), and Transportation (Ryder). Romero has made meaningful
contributions to the profitability of large organizations through the
identification and implementation of operational efficiencies, strategic
planning, and an innovative approach to gaining market share. She has led
enterprise-wide digital transformations and ESG efforts. Romero is an
independent director at John B. Sanfilippo & Son (Nasdaq: JBSS). She currently
serves as chair of the Sourcing Diversity and Supplier Relationship Management
Committee at the Institute for Supply Management (ISM), where she has held
several advisory roles since 2007. Romero, a native of Venezuela, graduated from
University Rafael Urdaneta with a degree in civil engineering. She also studied
packaging solutions at Michigan State University and English Studies at Cornell
University. Romero and her family are avid boaters and passionate about spending
time on the water in their free time.

There is no arrangement or understanding pursuant to which Ms. Romero was
selected as a director. There are no related party transactions between the
Company and Ms. Romero that are reportable under Item 404(a) of Regulation S-K.
The compensation of Mr. Romero will be consistent with that provided to all
non-employee directors, as described in our most recent proxy statement filed
with the Securities and Exchange Commission on December 29, 2021.

Item 7.01 Regulation FD Disclosure.
On September 26, 2022, the Company issued a press release announcing the
appointment of Ms. Romero to the Board. A copy of the press release is furnished
as Exhibit 99.1 hereto and is incorporated herein by reference.

The information furnished herewith pursuant to Item 7.01 of this Current Report,
including Exhibit 99.1, shall not be deemed to be “filed” for the purposes of
Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”), or otherwise subject to the liabilities of that section. The information
furnished pursuant to Item 7.01 of this Current Report shall not be incorporated
by reference into any filing under the Securities Act of 1933, as amended, or
the Exchange Act, whether made before or after the date of this Current Report,
regardless of any general incorporation language in the filing.

Item 9.01 Financial Statements and Exhibits.
Press release of MarineMax, Inc. dated September 26, 2022.


© Edgar Online, source Glimpses

Blog: SA’s financial regulator proposes putting R90bn of un… – Daily Maverick

The Financial Sector Conduct Authority (FSCA) published a discussion paper recently proposing that almost R90-billion of unclaimed benefits across the financial services industry be moved to a single fund, the proceeds of which could be invested in social development projects.

The unclaimed benefits include retirement savings, investment payouts, dormant bank accounts and dividends. The aim is to find a solution that will get the funds paid out to the correct beneficiaries.

The unclaimed benefits that the FSCA is working with span different time periods for different sectors:

  • Collective investment schemes and life insurance (2020/21) – R33.5-billion;
  • Retirement funds (2020) – R47.2-billion;
  • Unclaimed dividends (2019) – R4.5-­billion; and
  • Dormant bank accounts (2018-2021) – R3.6-billion.
Financial Sector Conduct Authority commissioner Unathi Kamlana. (Photo: Twitter)

FSCA commissioner Unathi Kamlana says work is continuing to establish the true value of unclaimed assets, given that they are held by various financial institutions, not only retirement funds.

“We recognise that good progress has been made, but as the FSCA we remain concerned because, ultimately, we have to consider whether the customers, and beneficiaries in this case, are being treated fairly. It is quite clear that we have to improve the outcomes for customers and that’s what this paper is trying to achieve,” says Kamlana.

The discussion paper outlines reasons for the nature and extent of the problem of unclaimed assets, which vary by sector. The most common reasons are:  

  • Consumers’ failure to keep financial institutions updated with their contact details and the personal details of their beneficiaries, and to inform their beneficiaries of the existence of the assets and the institutions where they are held;
  • Inadequate record-keeping by financial institutions and intermediaries;
  • Inconsistent approaches to the identification and treatment of unclaimed assets both within market segments and across the entire financial sector;
  • Failure by employers to provide retirement funds and administrators with complete details of the members of the fund; and
  • Changes in intermediaries and administrators.

Rosemary Lightbody, senior policy adviser at the Association for Savings and Investment South Africa (Asisa) – which represents most life insurers – says that in a world where policy documents and investment contracts are sent by email and usually stored electronically, it is often extremely difficult for beneficiaries and heirs to find policies and investments when someone dies.

“Without access to someone’s computer or laptop, it is almost impossible to piece together their financial affairs. I would therefore like to encourage all consumers to ensure that a register of policy details, investment accounts as well as bank accounts is shared with someone trustworthy, whether a relative, close friend, financial adviser or estate planner. This register should be placed in safekeeping together with an up-to-date copy of your will,” says Lightbody.

Visit Daily Maverick’s home page for more news, analysis and investigations

The biggest changes proposed

The FSCA discussion paper includes these ­recommendations: 

Establishing a single Central Un­claimed Assets Fund

All assets identified as unclaimed should be transferred into the fund and managed on behalf of the sector.

The regulator proposes that, if this option does not work, the alternative could be to transfer all unclaimed assets into the National Revenue Fund. The deputy commissioner of the FSCA, Kathy Gibson, notes that the correct governance structure will be critical for success.  

“Ultimately, the board of the central fund would be responsible for taking operational decisions, including levels of reserves to meet future claims and level of distribution,” she says. 

“We can mitigate risks by ensuring the right representation on the board and ensuring there is no political interference.”  

She says the FSCA is looking at international best practice in countries including Australia, Canada, Japan, Kenya, Ireland, Malaysia, Singapore, South Korea and the United Kingdom.

Projects with social, environmental and developmental benefits

The FSCA proposes that actuarially allocated amounts be invested through social impact funds to support infrastructure development, with specific deliverables such as schools and clinics.

Amounts should be allocated to such funds on a fair basis (based on the relative sizes of the funds, for example), although consideration should be given to supporting emerging black asset managers.

The types of assets to be included would be investment returns, life insurance proceeds, bank deposits, dividends and securities and non-life-­insurance proceeds.

An aligned approach

There should be a common understanding of what constitutes a dormant account, a lost account and an unclaimed asset.

In other words, there should be no deadline upon which you forfeit your assets if you don’t claim them. The first principle of the Asisa Standard on Unclaimed Assets is that your right to an unclaimed asset remains until the claim is paid or the asset is returned, regardless of the timeframe.

However, when an Asisa member company concludes that all reasonable efforts to trace the customer, heirs or beneficiaries have been exhausted over a three-year period, the assets may be put into socially re­­sponsible investments with commercial re­turns such as enterprise supplier development funds.

Tax neutrality

Benefits should be taxed only when a beneficiary claims them, not at the time they move into the Central Unclaimed Benefits Fund.

Standardised reporting

Financial institutions would have to keep records of identified dormant accounts and un­claimed assets, including the number of accounts and beneficial owners, asset types, individual asset values, the age of assets, the age and race of beneficial owners, and how the institution has tried to trace owners. The information would have to be reported regularly to the FSCA.

A centralised database

This would help with tracing efforts across the financial services industry. Australia, Chile, Hong Kong, China, Maldives and Switzerland have centralised information collection.

A minimum threshold for unclaimed assets

These funds can still be claimed at any point, but no money would be spent on active tracing of beneficiaries. At this stage, it is proposed that the threshold amount be set initially at R1,000 for unclaimed assets deriving from a retirement fund that is older than 20 years, and R100 for all other assets.

Increasing the monitoring of financial institutions with a high quantum of unclaimed benefits.

In the first phase, it is proposed that funds with more than R500-million in total unclaimed assets, or funds with average unclaimed assets exceeding R45,000 per beneficiary, be given priority.

A consumer awareness campaign

This would include financial institutions having to disclose to customers, at point of sale and regularly in after-sales service, the implications of an unclaimed asset and maintaining a dormant financial product as opposed to closing or terminating it.

Regulation of tracing agents 

Al­though tracing agents are mainly concentrated in the retirement sector at present, it is expected that they would extend to other sectors, and regulation would curb abusive practices. DM168

This story first appeared in our weekly Daily Maverick 168 newspaper, which is available countrywide for R25.


Blog: RBI imposes monetary penalty on Hissar Urban Cooperative Bank – ThePrint

Mumbai (Maharashtra) [India], September 26 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty of Rs 3 lakh on Hissar Urban Cooperative Bank Ltd for violation of banking norms.

The RBI has imposed the monetary penalty through an order dated September 23, 2022. Hissar Urban Cooperative Bank Ltd, Hisar has been penalised for “contravention of Section 35A and section 36 (1) read with Section 56 of the Banking Regulation Act, 1949.”

This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) and Section 56 of the Banking Regulation Act, 1949, the RBI said.

This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, the central bank said.

The inspection report of the bank based on its financial position as on March 31, 2021, revealed, inter alia, contravention of Section 35A and section 36 (1) read with Section 56 of the Banking Regulation Act, 1949.

The bank had failed to adhere to RBI directions issued under the Supervisory Action Framework, when it offered interest rates on saving deposits not in line with the directions. Based on the same, a Notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for contravention of the specific directions issued by RBI.

After considering the bank’s reply, RBI came to the conclusion that the aforesaid charges of non-adherence with Section 35A and section 36 (1) read with Section 56 of the Banking Regulation Act, 1949 were substantiated and warranted imposition of monetary penalty. (ANI)

This report is auto-generated from ANI news service. ThePrint holds no responsibility for its content.

Blog: Better Markets Issues Report on Supreme Court’s 2022-2023 Term, Focusing on the Court’s Views on Financial Regulation and the Structure of the Administrative State – Better Markets

Abortion, gun control, the First Amendment—Supreme Court decisions on these sorts of social-policy topics consumed much of the nation’s attention last term. But that term was also momentous for financial regulation and Americans’ economic lives, even if these topics saw fewer headlines.  As we discuss in our just-released report, the consequences of recent decisions will stretch from Americans’ retirement accounts to their options for suing employers or financial advisers.  All the while, a stronger conservative majority is now ascendant on the Court, and it has turned its gaze towards the deepest foundations of modern rules to protect consumers, investors, and the real economy.

We illustrate the impact of last term by reviewing several key cases related to financial regulation.  The Court, for instance, reaffirmed the duty of retirement plan administrators to act in the interests of their beneficiaries, and it secured new pathways for individual investors, employees, and consumers to contest mandatory arbitration.  We then look ahead to some cases in the Court’s upcoming term that will further shape financial life in this country; the next term will decide whether those who violate the securities laws can seek to bog down SEC enforcement in federal court, whether or when state governments will continue to play leading roles in anti-regulatory challenges, and to what degree the Bank Secrecy Act will continue to serve as a viable deterrent against hidden foreign accounts.  We also look ahead to cases on many of the same topics that the Court might take up for later terms.

Finally, our Report steps back to take a wider view of trends in administrative law—the legal structure behind not only financial regulation but federal regulation generally.  Thanks to a recent decision in West Virginia v. EPA, the Court has now canonized a new doctrine tilting the field against agency rules addressing “major questions.”  We examine the tenuous rationales behind West Virginia and the troubling implications of this new doctrine.  That doctrine, however, is only one prong of the conservative majority’s wider assault on modern administrative law.  As we point out, signs from other cases portend waning appreciation for agencies’ technical expertise and a growing confidence to place ever more power in the hands of the Court.  We even highlight how the Court might return to legal doctrines not seen since battles over the New Deal and how such trends point to erosion of even Congress’ power relative to the Court.  Each of these deep structural trends will shape the environment for current and future financial regulation to protect individuals and the Main Street economy.