News bites: Graphic warning rules for cigarettes snuffed out

The Food and Drug Administration is abandoning its plan to impose large, graphic warning labels on cigarettes, The Washington Post reports.

The Office of the Comptroller of Currency has downgraded JPMorgan & Chase Co’s management rating over concerns about trading losses, according to Reuters, citing The Wall Street Journal.

The Journal reports that the Securities and Exchange Commission is probing the fees and expenses that hedge funds and private equity funds charge to their investors.

Yesterday on RegWatch:

Legislation to create a federal body to streamline insurance regulation received a warm reception on Capitol Hill.

Justice Department officials said they are examining Colorado’s plan to regulate marijuana for recreational use.

Neiman Marcus settled with federal regulators over misleading fake fur labels.

The U.S. Chamber of Commerce called for flexibility for businesses on the employer mandate portion of the Affordable Care Act.

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