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.
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.
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.
At a House Appropriations Committee hearing, CFTC Chairman J. Christopher Giancarlo defended his CFTC FY 2019 Budget request which prioritized resources for technology in the derivatives markets and greater enforcement.
