An investment adviser settled charges with the SEC for failing to timely disclose the adviser's "control" purpose, with respect to an issuer whose shares it had acquired for the account of a hedge fund that it managed.
News & Insights
In comments responding to the CFTC's proposed amendments on capital and financial reporting requirements for swap dealers and major swap participants, the IIB, ISDA and SIFMA supported the codification of certain CFTC staff interpretive letters.
A municipal securities firm settled FINRA charges for failing to file complete and timely quarterly reports with the Municipal Securities Rulemaking Board and for failing to establish, maintain, and enforce an adequate supervisory system.
New York Attorney General Letitia James sued a bank for failing to (i) protect victims of electronic fraud and (ii) reimburse their losses.
The CFTC solicited public comments on a proposed comparability determination and related Order for certain CFTC-registered swap dealers domiciled in the United Kingdom and subject to prudential supervision by the UK Prudential Regulation Authority.