The CFTC Division of Enforcement "set forth" guidance for staff to consider when recommending civil monetary penalties in an enforcement action. The guidance will be included in the CFTC Enforcement Manual.
The Congressional Research Service examined the potential implications for the SEC if the Supreme Court limits or eliminates the agency's use of disgorgement to recover money from violators of federal securities laws.
U.S. Assistant Attorney General Brian A. Benczkowski advocated for policies that facilitate the cross-border transfer of critical information among law enforcement agencies investigating multinational criminal cyber networks.
The House Financial Services Committee considered (i) testimony from federal banking regulators on a broad range of concerns and (ii) several proposed bills imposing additional requirements on financial institutions.
The CFTC voted to propose amending its uncleared swap margin regulations to (i) extend the implementation date of initial margin requirements, and (ii) exempt certain transactions from uncleared margin requirements.
U.S. Attorney General William P. Barr and UK Home Secretary Priti Patel entered into a cross-border agreement that "will dramatically speed up investigations by removing legal barriers to timely and effective collection of electronic evidence."
SIFMA opposed a bill that would effectively overturn the Supreme Court's Decision in Kokesh v. SEC, which held that SEC claims for disgorgement were punitive and, therefore, subject to a federal statute of limitations.