The New York State Attorney General sued a cryptocurrency platform for (i) failing to register as a securities and commodities broker-dealer and (ii) falsely representing itself as a cryptocurrency exchange.
News & Insights
The Congressional Research Service reviewed the SEC's recent proposal that would impact payment for order flow ("PFOF") by wholesalers with the aim of "bring[ing] greater competition in the marketplace for retail market orders."
SIFMA requested an extension of the comment period for four rule proposals targeting equity market reform. In connection with this, SIFMA submitted a FOIA request calling on the SEC to supply certain data relied upon and referenced in the proposed rulemakings.
A dually-registered broker-dealer and investment adviser settled SEC charges for providing unsuitable recommendation on complex variable interest rate structured products to investors nearing retirement age.
In a letter to SEC Chair Gary Gensler, five Republican members of the Senate Banking Committee challenged the basis for four new rule proposals targeting U.S. equity market reform.