A firm settled FINRA charges for failing to monitor its representatives' rates of variable annuity exchanges.
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SIFMA praised the introduction of the "Protecting Private Job Creators Act," a bill that would exempt fixed-income securities from disclosure and quotation requirements in secondary markets.
Senate Banking Committee Chair Tim Scott advocated for the GENIUS Act, a bill to create a regulatory framework for stablecoins.
Blockchain Association CEO Summer Mersinger called for the swift confirmation of Jonathan Gould for Comptroller of the Currency. She said there was an urgent need for a leader to be in place at the OCC ahead of expected passage of the "GENIUS" Act.
The SEC withdrew proposed rulemakings that were issued between March 2022 and November 2023. The SEC stated it "does not intend to issue final rules with respect to these proposals" and, if the SEC "decides to pursue future regulatory action in any of these areas, it will issue a new proposed rule."