Several industry associations proposed amendments to an SEC-proposed new rule intended to "streamline and enhance" the regulatory framework for "funds of funds arrangements."
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A U.S. District Court granted a DOJ and IRS request to uncover the identities of Finnish residents who may be using U.S.-issued payment cards in Finland to avoid reporting income and paying Finnish income tax.
The CFTC summarized the results of a reverse stress test and a liquidation stress test of central counterparties.
In testimony before the U.S. House Committee on Agriculture, CFTC Chair J. Christopher Giancarlo described the agency's efforts to achieve "balanced market oversight."
The U.S. Treasury Department clarified the Opportunity Zone tax incentive through a second set of proposed regulations.