In separate actions, an investment adviser settled SEC charges for (i) failing to disclose material information as to distributable income in a closed-end fund, and (ii) failing to waive certain advisory fees as required by an agreement with a mutual fund.

The Cybersecurity & Infrastructure Security Agency, along with the FBI and international law enforcement agencies, described the "Lockbit ransomware variant" and recommended methods to mitigate the threat.

A cryptocurrency platform settled charges brought by the New York State Attorney General for (i) failing to register as a securities or commodities broker-dealer and (ii) falsely representing itself as a cryptocurrency exchange.

House Financial Services Committee Chair Patrick McHenry (R-NC) criticized the Financial Stability Oversight Council’s plans to evaluate nonbank financial institutions based on their size, rather than activities.

SEC Commissioners asked the Small Business Capital Formation Advisory Committee to address capital raising in the context of current market conditions, including among others, rising interest rates and the increasing use of artificial intelligence.