* The U.S. Securities and Exchange Commission approved Sept. 18 the proposed amendments to the Volcker rule, joining fellow regulators Office of the Comptroller of the Currency, Federal Deposit Insurance Corp. and the Commodity Futures Trading Commission. The revised rule, which relaxes limitations on banks' ability to trade with their own money, a post-financial crisis measure, now awaits only the Federal Reserve Board's concurrence to make the amendments effective.
* While JPMorgan Chase, Bank of America and Citi have been offering research services to corporate clients, fellow Wall Street giants Goldman Sachs and Morgan Stanley are also thinking of offering research services to other customers amid a slack in demand from traditional asset management clients, the Financial Times reports.
* N.Y.-based Rockefeller Capital Management agreed to acquire Mountain View, Calif.-based Financial Clarity, a multifamily office that oversees about $2.3 billion in client assets. The transaction is expected to close early in the fourth quarter.
* A coalition of progressive and civil rights groups urged House Democratic leaders to delay voting on a marijuana banking bill, the Secure and Fair Enforcement Banking Act of 2019, until a more comprehensive plan on marijuana laws reform has been laid out. Signatories to the Sept. 17 letter addressed to House Speaker Nancy Pelosi and Majority Leader Steny Hoyer included the American Civil Liberties Union, Center for American Progress, and Human Rights Watch.
* Cboe BZX Exchange has withdrawn its proposed rule change that would have allowed it to list and trade SolidX Bitcoin Shares issued by the VanEck SolidX Bitcoin Trust, according to an SEC notice. The proposal was filed with the SEC in January, but the regulator has since stalled deciding on it.
* Former Cetera Financial Group CEO Robert Moore is back in the financial services industry with his newly formed investment management firm, Mortgage REIT Investment Advisors, Investment News reports.
* Federal prosecutors and regulators led by the the Department of Justice and the U.S. Commodity Futures Trading Commission are expanding their probe related to market manipulation after three JPMorgan metals traders were charged for allegedly engaging in spoofing, CNBC reports. The investigations will be expanded to other U.S. markets and financial firms.
* On the insurance front, EMC Insurance Group shareholders voted in favor of the company's deal with Employers Mutual Casualty. The transaction is set to close today.
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