A Brazil-based airline was ordered to pay over $100 million in fines and restitution to settle parallel SEC and DOJ enforcement actions for perpetrating a bribery scheme to gain payroll tax and aviation fuel tax reductions in violation of the Foreign Corrupt Practices Act.

The SEC Division of Examinations advised SEC-registered investment advisers to expect upcoming exams to cover specific areas under the new Investment Adviser Marketing Rule.

The Senate Banking Committee considered testimony on current and future sanctions against Russia for its invasion of Ukraine.

Assistant Attorney General of the DOJ Antitrust Division Jonathan Kanter warned that the digital platform space, as it currently stands, is especially susceptible to monopolies and identified strategies for curbing the expansion of would-be monopolies.

The CFTC modified its swap data reporting technical specifications. The specifications provide detailed instructions for requirements under CFTC Part 43 ("Real Time Public Reporting") and Part 45 ("Swap Data Recordkeeping and Reporting").