Commentary by Steven Lofchie
SEC Chair Gary Gensler directed staff to review recently adopted amendments on the (i) criteria for determining the amount of whistleblower awards and (ii) related actions under other whistleblower award programs.
The MSRB will allow individuals seeking to qualify as municipal advisor principals to take the Municipal Advisor Representative Qualification Examination online. The accommodation is temporary and intended to address persistent COVID-19 challenges.
The SEC issued approximately $6 million in awards to two whistleblowers for assisting SEC staff and furnishing information in connection with separate enforcement proceedings.
The Federal Financial Institutions Examination Council updated guidance for financial institutions on effective authentication and access risk management standards and practices.
In a newly issued Fact Sheet, OFAC and the U.S. Department of Commerce's Bureau of Industry and Security reviewed the exemptions and authorizations related to the provision of internet and telecommunications services to Cuba.