The U.S. Government Accountability Office urged federal action to address challenges to critical cybersecurity infrastructure.
News & Insights
The SEC disapproved proposed amendments to the National Market System Plan Governing the Consolidated Audit Trail ("CAT"). The amendments would have provided for limited liability to industry members reporting to the CAT, and limited the liability of the Operating Committee and its participants in the case of a systems breach or misuse.
A FINRA proposal to establish administrative and delivery fees for the new Municipal Advisor Principal Examination was published in the Federal Register.
In its 2021 enforcement report based on 2020 data, the North American Securities Administrators Association highlighted an uptick in state enforcement actions related to commodities/precious metals, cybercrime, private offerings and self-directed individual retirement accounts.
The Congressional Research Service offered recommendations to Congress that would enhance federal cybersecurity management.