A federal jury convicted two former precious metal traders on charges of (i) fraud, (ii) attempted price manipulation and (iii) spoofing for their involvement in a multi-year market manipulation scheme.
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U.S. Senators Elizabeth Warren (D-MA), Richard J. Durbin (D-IL), Sheldon Whitehouse (D-RI), and Bernard Sanders (I-VT) requested that Acting OCC Comptroller Michael J. Hsu rescind the OCC's interpretive letters that permit banks to engage in crypto-related activities.
The CFTC set an October 11th deadline for comments on proposed rule amendments that would impose additional governance requirements on derivatives clearing organizations.
The SEC approved proposed amendments to FINRA Rule 6750 to allow FINRA to more frequently distribute aggregated U.S. Treasury Security transaction information and statistics.
The CFPB issued an interpretive rule clarifying that "digital marketing providers that are materially involved in the development of content strategy would not fall within the “time or space” exception" of the definition of the term "service provider" under the Consumer Financial Protection Act.