FINRA barred a registered representative for failing to provide documents requested during an investigation into the alleged transfer of funds from a client's account for the broker's personal benefit.
News & Insights
The CFTC Division of Market Oversight amended a no action letter to modify the conditions under which a not-for-profit academic prediction market may operate in the US.
Regulators and legislators hailed the passage of the Guiding and Establishing National Innovation for U.S. Stablecoins Act.
A broker settled FINRA charges for borrowing over $2 million from customers without firm approval or required documentation.
The US House of Representatives passed: (i) the GENIUS Act, a bill to create a regulatory framework for stablecoins; (ii) the CLARITY Act, a bill which defines when a cryptocurrency is a security or a commodity; and (iii) the CBDC Anti-Surveillance State Act, a bill designed to block the Federal Reserve from issuing a central bank digital currency ("CBDC") without congressional approval.