BROWSE BY TOPIC
Stories of Interest
- ‘A Bleak Picture’ for Women Trying to Rise at Law Firms
- How Golf Superstar Jordan Spieth, 23, Spends Time and Millions
- Goldman Sachs Retreats as a Top Lead Market Maker for ETFs
- In-House Counsels: Top 30 Money-Earners
- Ivanka Trump Retains White Collar Defense Lawyer Abbe Lowell
- Ameriprise Financial Reports Higher Q2 Profits, Revenues
- SEC Announces $2.5 Million Whistleblower Award
- Another Russian Connection for a Trump Nominee - Brian Benczkowski, Picked to Lead DOJ Criminal Division
- 3 From BigLaw Chosen as SDNY Magistrate Judges
- Morgan Stanley Tops Goldman in Market Value for First Time in 10 Years
- Former DOJ Official on Evolution of Corporate Compliance
- T+2 Settlement - FINRA User Acceptance Tests
- LedgerX Approved as Derivative Clearing Organization - CFTC
- Trump, ObamaCare and the Art of the Fail - Peggy Noonan
- Bryan Wood to Head SEC Office of Legislative and Intergov'tal Affairs
- BATS Market Close v. NYSE and Nasdaq
- Inside Scaramucci’s Extreme Loyalty to Trump – William Cohan
- Who President Trump Can Pardon, and Who He Can’t
- Ex-UBS Compliance Officer, Day Trader Deny Insider Trading
- Private Equity’s Big Bets on Financial Tech
We seek to provide information, insights and direction that may enable the Financial Community to effectively and efficiently operate in a regulatory risk-free environment by curating content from all over the web.
Stay Informed with the latest fanancialish news.
NEWSLETTERS & ALERTS
Is That a Pistol In Your Pocket or Are You Just Glad to See Me?
The House Judiciary Committee on Tuesday held a session to discuss a 4-bill package, including one bill (HB 4416) that would like the prohibition on concealed carry without a license for all but those who are already prohibited from carrying a firearm by state or federal law.
Rep. Michele Hoitenga testified that the legislation does not eliminate background checks or gun free zones currently codified under state law. Gun owners without a concealed pistol license would also not have reciprocity with most other states.
"It is currently legal in the state of Michigan for a law-abiding person to openly carry a firearm on their person without any training classes, fees or state bureaucracy. It only becomes illegal when a person puts on a coat, because the gun then becomes concealed. One millimeter of clothing makes the difference between a criminal act and a legal act."
Supporters said allowing gun owners to concealed carry without a license would help avoid situations where people make a mistake while carrying or transporting their firearm only to get charged with a felony.
Critics were concerned the legislation would prove a safety risk and raise legal quandaries, including whether people currently prohibited from obtaining a concealed pistol license would now be able to carry concealed firearms under the bills.
Another hearing will be held before the Committee considers a vote on the proposal.