At an SEC roundtable on the risks of investing in companies with operations in emerging markets, SEC Chair Jay Clayton and Commissioner Elad L. Roisman focused on disclosure, financial reporting standards, compliance and enforcement.
In a newly released paper, the Alternative Reference Rates Committee focused on internal systems and processes for market participants transitioning to the Secured Overnight Financing Rate.
A CFTC final rule aimed at preventing certain bad actors from seeking exemptions from registration as CPOs under CFTC Rule 4.13 ("Exemption from Registration as a Commodity Pool Operator") was published in the Federal Register.
SEC Commissioner Elad L. Roisman expressed "serious reservations" about mandating environmental, social and governance disclosures by public companies.
In a 2020-2024 Strategic Plan, the CFTC prioritized efforts to strengthen the derivatives market, promote innovation and maintain a strong enforcement program.
Federal Reserve Bank of New York Executive Vice President Daleep Singh reviewed the actions taken by the Federal Reserve Board to provide emergency credit and liquidity in order to safeguard the economy during the COVID-19 pandemic.
A financial institution settled New York State Department of Financial Services charges for supervisory and anti-money laundering compliance failures relating to the accounts of Jeffrey Epstein.
FINRA stated that marketing materials should reflect the fact that many private placements are either illiquid or speculative in nature, and should "balance claims of these investments' benefits by disclosing these risks."
FINRA updated interpretations that address (i) the margin rules applicable to control and restricted securities, and (ii) the consolidation of multiple margin accounts for a single customer.
The CFPB proposed amendments to Truth in Lending Act regulations to provide an exemption from establishing escrow accounts for higher-priced mortgage loans.
SIFMA commended the bipartisan introduction of the Lifting Our Communities through Advance Liquidity for Infrastructure Act, which, if passed, would reinstate advance refunding of municipal bonds.
The DOJ charged a Seattle medical doctor for submitting Paycheck Protection Program loan applications containing inaccurate and misleading information.
The DOJ filed a civil forfeiture complaint seeking the seizure of over one million barrels of Iranian gasoil currently headed to Venezuela on board four tanker vessels.
The North American Securities Administrators Association requested input on a proposal that would provide funding to victims of securities law violations that result in a loss of funds.
