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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A broker-dealer settled charges with FINRA it sent confirmations to institutions' customers that "inaccurately reflected the capacity in which the firm acted."
A broker dealer settled FINRA charges for failing to disclose to retail customers markup and markdown information on transactions in debt securities, including municipal securities and corporate and agency debt.
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.
A broker-dealer settled charges with FINRA for failing to file required information in connection with private placement offerings sold to retail investors.