The NFA provided guidance on the annual affirmation obligations for commodity pool operators and commodity trading advisors that are exempt from CFTC registration.
The U.S. House of Representatives passed a bill that would require banking regulators to provide an annual report on their efforts to strengthen cybersecurity supervision and regulation of financial institutions.
FINRA commenced a retrospective review of reporting requirements on "specified events, internal conclusions of violations, and quarterly statistical and summary information regarding written customer complaints."
The CFTC Division of Swap Dealers and Intermediary Oversight urged chief compliance officers "to take reasonable measures" to incorporate recent swap dealer reporting guidance into 2019 annual compliance reports.
A broker-dealer firm settled FINRA charges for failing to update its representatives' Uniform Application for Securities Industry Registration to disclose bankruptcies and outstanding liens.
The SEC final rule establishing recordkeeping and financial reporting requirements applicable to broker-dealers and security-based swap dealers was published in the Federal Register. The final rule becomes effective on February 14, 2020.
In a speech before the National Economists Club, SEC Commissioner Hester M. Peirce questioned the agency's current data collection process and analysis.
CFPB Director Kathy Kraninger described FY 2019 initiatives to coordinate efforts between the CFPB and state agencies to strengthen consumer protection.
