FINRA provided an extension for the completion of qualifying examinations and firm certifications.
News & Insights
The CFTC Division of Clearing and Risk extended no-action relief to the European Stability Mechanism from the swaps clearing requirement.
The Alternative Reference Rates Committee issued (i) updated contractual fallback language for U.S. dollar LIBOR-denominated bilateral business loans and (ii) a technical reference document to support previously released conventions for syndicated loans.
A direct selling company headquartered in California settled DOJ and SEC charges for violating the Foreign Corrupt Practices Act by bribing Chinese government officials. The company sells health and personal care products in over 90 countries.
The DOJ filed a civil forfeiture complaint alleging that North Korean cyber actors stole millions of dollars' worth of cryptocurrency and then laundered the funds through Chinese OTC cryptocurrency traders.