The CFTC adopted amendments to regulations governing (i) real-time public swap reporting and dissemination, (ii) swap data recordkeeping and reporting, and (iii) swap data verification policies and procedures.
The DOJ filed a civil forfeiture complaint alleging that North Korean cyber actors stole millions of dollars' worth of cryptocurrency and then laundered the funds through Chinese OTC cryptocurrency traders.
The SEC adopted amendments to the definitions of "accredited investor" and "qualified institutional buyer" under regulations on private placement exemptions and private resales of securities to institutions. The amendments are intended to increase accessibility to private capital markets.
OFAC designated a Chinese company and two individuals to the Specially Designated Nationals and Blocked Persons List. The designations were linked to human rights abuse in the Xinjiang Uyghur Autonomous Region.
The CFTC Market Risk Advisory Committee approved recommendations for the scheduled October 2020 shift to the Secured Overnight Financing Rate for central counterparties discounting and price alignment interest at certain clearinghouses.
The DOJ filed charges against the owner of two companies in Florida that provide Medicare services for submitting false and fraudulent claims in order to receive (i) reimbursement from Medicare and (ii) loans from the Paycheck Protection Program.
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."