A dual registrant settled SEC allegations for charging advisory clients undisclosed or misstated fees on foreign exchange account transfers.
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A dually registered investment adviser and broker-dealer was penalized for failing to adequately and periodically review wrap fee accounts to identify instances of "reverse churning."
An investment adviser settled SEC charges for wrap fee account review and disclosure failures.
Three affiliated swap dealers settled CFTC charges for violating foreign currency swap reporting requirements.
In a joint letter to the Basel Committee on Banking Supervision, ISDA, the Institute of International Finance, and the Global Financial Markets Association, among others, requested reconsideration of the 2014 standardized approach for measuring counterparty credit risk exposures.