A bank holding company settled SEC charges for (i) failure to maintain accurate records regarding commercial real estate security valuations, (ii) failure to incorporate all available market data into its valuations, (iii) issuing material misstatements relating to its valuations and (iv) related supervisory failures.
The SEC Office of Investor Education and Advocacy cautioned investors of the risks involved in purchasing securities sold in private placements.
FinCEN issued an advance notice of proposed rulemaking "on the possibility of FinCEN establishing a "no-action letter process" under the Anti-Money Laundering Act of 2020.
SEC Chair Gary Gensler and CFTC Chair Rostin Behnam highlighted U.S. regulatory initiatives in "new era" for derivatives.
The SEC published in the Federal Register proposed rules on eliminating credit rating references from rules on market manipulation. Comments on the proposal are due by May 23, 2022.