The Alternative Reference Rates Committee, acting as the "Relevant Recommending Body" under LIBOR legislation enacted in New York and Alabama, officially selected and recommended replacement benchmarks, based on the Secured Overnight Financing Rate, to replace 1-week and 2-month U.S. dollar LIBOR in contracts that are within the scope of these two state statutes.
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The SEC appointed Ernesto A. Lanza the Acting Director for the Office of Municipal Securities .
A Panamanian man pleaded guilty in the U.S. District Court for the Eastern District of New York to a money laundering conspiracy in connection with a bribery scheme involving a Brazil-based global construction conglomerate.
A broker-dealer settled FINRA charges for failing to disclose unsatisfied tax liens and judgments on a number of its registered representatives.
The U.S. Government Accountability Office urged federal action to address challenges to critical cybersecurity infrastructure.