A former Venezuelan official pled guilty to conspiracy in an international money laundering scheme involving U.S.-based companies and a Venezuelan state-owned oil company.
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Board of Governors of the Federal Reserve System Governor Lael Brainard urged the FRB and Banking institutions to "safeguard" capital and liquidity protections as cyclical pressures increase.
Following a previous request for relief, the CFTC Division of Swap Dealer and Intermediary Oversight issued an exemption to a commodity pool operator from the requirement to file and distribute an audited annual report.
The U.S. Senate voted to repeal the Consumer Financial Protection Bureau regulatory guidance on auto-loan financing.
The SEC proposed rules (i) to require broker-dealers to act in the "best interests" of retail customers when making investment recommendations and (ii) to affirm and clarify the various types of obligations that investment advisers owe to their clients.