The U.S. House of Representatives passed the Expanding Access to Capital Act of 2023 in a party line vote. The bill is intended to build on the JOBS Act of 2012 by reducing the regulatory burdens on certain capital raising transactions.
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In its "Review of the 'Accredited Investor' Definition," a report required under Dodd-Frank, the SEC considered the evolution of the definition of the term "accredited investor," and cited statistics detailing how the impact of the definition has changed over time.
The SEC adopted a rule that any SEC-registered central clearing agency that provides central clearing of U.S. Treasury securities ("USTs") shall require its members to centrally clear (i) most repurchase and reverse repurchase transactions in USTs to which it is a counterparty and (ii) certain cash market purchases and sales of USTs.
FINRA settled charges with four firms for misrepresentations and supervision failures on their "fully paid securities lending" programs.
A broker-dealer settled charges with FINRA for failing to file required information in connection with private placement offerings sold to retail investors.