Commentary by Christian Larson
The SEC Division of Trading and Markets cautioned broker-dealers that omnibus accounts held by foreign financial institutions and used to transact in low-price securities pose a high risk for money laundering.
In a new Executive Order, President Donald J. Trump prohibited U.S. persons, including financial institutions, from engaging in transactions in the securities of Chinese companies that supply or otherwise support China's military, intelligence and security services.
A non-bank debt collector settled CFPB charges for furnishing inaccurate information to consumer reporting agencies.
The Investment Company Institute COVID-19 Market Impact Working Group examined the performance of money market funds during the period of volatility following the start of the COVID-19 pandemic.
The Office of Compliance Inspections and Examinations observed compliance deficiencies for investment advisers with branch offices and geographically dispersed operations.