The New York State Department of Financial Services adopted amendments to state cybersecurity program requirements applicable to entities that operate under a license or registration provided under New York Banking Law, Insurance Law or Financial Services Law.
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The New York Attorney General sued a cryptocurrency platform and cryptocurrency lender for operating a fraudulent investment program.
A broker-dealer settled charges with several state securities regulators for charging “unreasonable commissions” to customers on low principal equity transactions.
A cryptocurrency platform settled charges brought by the New York State Attorney General for (i) failing to register as a securities or commodities broker-dealer and (ii) falsely representing itself as a cryptocurrency exchange.
A lender and mortgage loan servicer parent company settled charges with the New York Department of Financial Services for purported cybersecurity-related deficiencies by two of its subsidiaries related to compliance, internal controls, management and technology systems.