At DC Fintech Week, SEC Chair Gary Gensler raised concerns about how financial technology, specifically machine learning, artificial intelligence, and crypto, disrupts traditional business models.
At a DOJ Cybersecurity Roundtable, Deputy Attorney General Lisa O. Monaco highlighted the national security threats posed by cyber attacks. She underscored the necessity of greater cooperation between the DOJ and private industry.
On a London Stock Exchange Investor Group webinar, SEC Commissioner Allison Herren Lee highlighted the SEC's role within a "whole-of-government" approach to combating the risks associated with climate change, including enhanced disclosures to inform markets and policymaking.
FINRA's National Adjudicatory Council revised its Sanctions Guidelines to include CAT reporting violations guidelines. The revisions reflect the transition of audit-trail reporting from OATS to CAT.
The Federal Reserve Board announced a new rule set applicable to FRB policymakers and senior staff that will prohibit them from (i) purchasing individual stocks, (ii) investing in individual bonds and in agency securities and (iii) entering into derivatives.
The SEC's reopened comment period for a 2015 proposal that would establish listing standards for clawback policies of erroneously awarded compensation was published in the Federal Register.
A FINRA proposal to extend a pilot program that governs the review of "clearly erroneous transactions" in exchange-listed securities under FINRA Rule 11892 was published in the Federal Register.
SEC Commissioner Elad L. Roisman reviewed the existing SEC regulatory frameworks for the handling of retail orders - including payment for order flow, best execution, execution quality measurements and public price discovery - and suggested potential improvements.
In a joint statement, the Federal Reserve Board, the CFPB, the FDIC, the National Credit Union Administration and the OCC, as well as state bank and credit union regulators, emphasized the importance of continued progress in transitioning away from LIBOR.
A broker-dealer settled FINRA charges for net capital deficiencies, failing to notify the SEC or FINRA of the deficiencies in a timely manner, and inaccurate recordkeeping.
