Commentary by Ilan T. Graff
CFPB Director Rohit Chopra asserted that large entities are often indifferent to financial penalties and simply treat them as a cost of doing business.
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Commentary by Ilan T. Graff
FINRA expelled a broker-dealer firm from FINRA membership as a consequence of numerous FINRA violations including, among others, converting and misusing customer funds, engaging in unauthorized trading, and charging customers unreasonable and discriminatory fees.
The SEC proposed two new rules that would further define the phrase "as part of a regular business" found in Securities Exchange Act regulations on "dealers" and "government securities dealers."
The Chicago Mercantile Exchange launched micro-sized options to further the expansion of its cryptocurrency derivatives offerings.
The Federal Reserve Board extended the comment period for a proposal on framework for supervision of insurance activities.