A federal court in the District of Massachusetts authorized the IRS to serve a "John Doe" summons on a Boston-based "digital currency exchanger" seeking information about as yet unidentified U.S. taxpayers who, from 2016 to 2020, conducted at least $20,000 in cryptocurrency transactions.
A bank settled DOJ and SEC charges for Foreign Corrupt Practices Act violations in connection with its use of third-party intermediaries, business development consultants and finders.
An investment firm was fined $2.9 billion by several authorities for its failure to (i) properly oversee its operations, (i) maintain internal controls and (iii) conduct proper risk management, with regard to its employees' involvement in improper payments to foreign officials.
A former executive of a brokerage firm settled SEC charges for illicitly securing business deals with a Malaysian state-owned and controlled investment fund.
Thirty-three state attorneys general ("AGs") urged the Consumer Financial Protection Bureau ("CFPB") to reconsider a reported decision to discontinue reviewing lenders’ compliance with the Military Lending Act ("MLA") as part of its examinations. The MLA protects military service members from...
The New York Department of Financial Services proposed updating the existing suitability regulation in order to establish a "best interest" standard for life insurance and annuity product licensed sellers.
The SEC is seeking comments on a proposed new rule that would establish a pilot program to monitor transaction fees and rebates in National Market System stocks.
