The Federal Reserve Bank and the Office of the Comptroller of the Currency fined a bank for failing to monitor firm and client trading activities.
News & Insights
On March 13, the EU Parliament adopted the Artificial Intelligence Act. The AI Act is the EU’s first comprehensive legislation setting rules regulating artificial intelligence on an EU-wide basis. It will impose new and significant obligations on those developers, distributors and users of AI systems that affect people in the EU.
A bipartisan group of U.S. Senators urged the FDIC to grant "fair consideration" of applications for deposit insurance made by industrial loan companies and voiced their opposition to regulatory actions that target lawful ILC applications.
A firm settled FINRA charges for improperly programming trading algorithms, which resulted in orders being improperly sent to the market.
Two House Financial Services Subcommittees considered the CFPB's latest actions on the proposed "Larger Participant Rulemaking" proposal and its proposal to limit "junk fees."