The SEC set an effective date of January 2, 2024 and accompanying compliance dates for new Exchange Act Rule Rule 10c-1. The final rule was published in the Federal Register.
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The SEC adopted a new rule under the Securities Exchange Act which imposes reporting requirements on persons who lend "reportable securities."
U.S. Assistant Attorney General for the Antitrust Division Jonathan Kanter questioned whether the 1995 bank merger guidelines are "adequate to measure and assess the many different dimensions of competition that exist today," in light of "an industry that has experienced some recent turmoil."
A former bank executive settled SEC charges for misleading investors about the financial success of one of the bank's core businesses.
The FTC and DOJ ordered MoneyGram to refund $115 million to nearly 40,000 consumers for its continued failure to protect against fraudulent scammers using their payment system.