The U.S. District Court for the District of Montana denied KalshiEX LLC's motion for a preliminary injunction against Montana state officials and lifted a stay that had paused the underlying preemption suit for over four months.

The SEC sued 38 purported exempt reporting advisers for allegedly filing fabricated Form ADVs to falsely portray themselves as legitimate advisory firms.

A private equity firm agreed to pay a record $250 million civil penalty to settle DOJ Antitrust Division charges that it repeatedly violated federal premerger antitrust review requirements.

SIFMA and its Asset Management Group warned the CFTC that letting standard futures contracts trade 24 hours a day, seven days a week, raises significant market structure, clearing, liquidity, and risk management concerns.

FINRA proposed to ease position statement and reconciliation requirements for firms that custody uncertificated alternative investments.