A broker-dealer settled FINRA charges for conducting a securities business while failing to maintain the required minimum net capital and failing to file timely notices of net capital deficiency with the SEC and FINRA.
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In a letter to SEC Chair Gary Gensler, 51 Democratic lawmakers urged the SEC to finalize its proposed climate-risk disclosure rule and cautioned against "softening" and "scaling back" the proposed disclosure requirements.
A global gaming and sports betting company settled SEC charges that it violated the Foreign Corrupt Practices Act by failing to (i) establish and maintain a reasonable system of internal accounting controls and (ii) record and monitor payments to Russian third-party consultants.
In an address to the 2023 Institute of International Bankers Annual Washington Conference, Acting Comptroller of the Currency Michael J. Hsu highlighted parallels between jurisdictional and "supervisability" risk in global banking and in crypto.
In a joint comment letter responding to four SEC rule proposals aimed at reforming the structure of U.S. capital markets, the NYSE Group, Inc., Charles Schwab and Citadel Securities expressed "deep concern" and urged extensive revisions.