A broker-dealer settled SEC charges for (i) the offer and sale of unregistered microcap securities, and (ii) failure to file suspicious activity reports for transactions it executed as agent for one of its offshore customers.
In remarks following the G20 Finance Ministers and Central Bank Governors meetings, Secretary of the Treasury Janet L. Yellen stated that 132 countries are coming to a consensus around a global corporate minimum tax rate of at least 15 percent.
ISDA Chief Executive Officer Scott O'Malia highlighted the importance of global data standardization in trade reporting, stating that ISDA is working on a digital regulatory reporting initiative to enable all firms to consistently implement regulatory reporting rules.
U.S. Attorney General William P. Barr and UK Home Secretary Priti Patel entered into a cross-border agreement that "will dramatically speed up investigations by removing legal barriers to timely and effective collection of electronic evidence."
The Government Accountability Office identified deficiencies in rule reviews conducted by U.S. financial regulators pursuant to the Regulatory Flexibility Act and the Economic Growth and Regulatory Paperwork Reduction Act.