FINRA reported that it will collect a total of $10,707,300 from member firms that report trades to the MSRB. The fee, to be collected in quarterly installments starting in April 2021, funds the Governmental Accounting Standards Board.
The hullabaloo surrounding the run-up in the price of GameStop and the activities of Robinhood Markets, Inc. have generated front page news, calls for action, and allegations of wrongdoing.
A U.S. Climate Finance Working Group made up of 11 associations that include ISDA, SIFMA, FIA and the American Bankers Association, laid out 10 recommendations "essential" for a U.S. transition to a sustainable low-carbon economy.
A private company offering digital currency payment processing settled its potential civil liability for alleged violations of numerous sanctions programs.
The State Department revoked the counterterrorism designations of Ansarallah that had blocked the group from engaging in transactions with U.S. persons.
The OCC released a LIBOR Self-Assessment Tool for community banks to use to gauge the appropriateness, execution, and oversight and reporting of the bank's LIBOR transition plan.
A New York State Senate bill that would establish a "billionaire mark to market tax" was referred to the State Budget and Revenue Committee on February 5, 2021.
An Ecuadorian businessman settled DOJ charges of bribing then-public officials of Ecuadorian state-owned oil company Empresa Pública de Hidrocarburos del Ecuador.
FinCEN further extended the reopened comment periods on a proposal concerning transactions that involve certain convertible virtual currency and digital assets with legal tender status.
OFAC authorized certain transactions involving Ansarallah, an Iranian-backed armed militia fighting against the Yemeni Sunni government, through February 26, 2021.
OFAC designated Ansarallah - a Houthi Shiite movement against the Yemeni Sunni government - to the Specially Designated Nationals and Blocked Persons List. Concurrently, OFAC issued four general licenses to authorize the provision of humanitarian assistance to the Yemeni people.
The CFPB amended Truth in Lending regulations to provide certain insured depository institutions and credit unions with an exemption from establishing escrow accounts for higher-priced mortgage loans.
The SEC adopted amendments to "simplify, harmonize, and improve certain aspects of the exempt offering framework." The amendments expand the availability of exemptions in order to "promote capital formation while preserving or enhancing important investor protections."
FinCEN extended comment periods on a proposal concerning transactions that involve convertible virtual currency and digital assets with legal tender status.
The CFTC staff determined that NFA's swap dealer capital model requirements and review process "are comparable" to the CFTC's own requirements and processes.
The SEC awarded a total of $1.1 million to five whistleblowers for providing original information that led to three separate successful enforcement actions.
The SEC published in the Federal Register a final rule designed to "modernize, simplify, and enhance" Regulation S-K financial disclosure requirements.
The CFTC and the European Securities and Markets Authority entered into an "enhanced" Memorandum of Understanding which sets the scope of cooperation between the agencies and addresses regulatory, supervisory and operational issues concerning central counterparties.
A firm settled FINRA charges for effecting opening transactions in a stock option contract that exceeded the applicable options position limits, and for related supervisory system failures.
