A broker-dealer agreed to settle FINRA charges for several rule violations, including conducting a securities business below its net capital requirements and failing to maintain blanket fidelity bond coverage.
In a staff working paper issued by the Federal Reserve Board, economists concluded that bid-offer spreads narrowed and liquidity improved after bonds that were originally issued pursuant to SA Rule 144A became SEC-registered.
The Financial Crimes Enforcement Network renewed geographic targeting orders that temporarily require U.S. title insurance companies to identify natural persons who use shell companies and pay cash for high-end residential real estate.
The Board of Governors of the Federal Reserve System extended the comment period for a proposed rulemaking regarding the regulatory capital requirements for supervised institutions engaged in insurance activities.
The Board of Governors of the Federal Reserve System solicited comments on the proposed application of enhanced prudential standards for certain nonbank financial companies. The request for comments was published in the Federal Register.