SEC Commissioners Caroline A. Crenshaw, Hester M. Peirce and Mark T. Uyeda highlighted broad agency achievements under outgoing Chair Gensler and expressed gratitude for his commitment "to bipartisan engagement and a respectful exchange of ideas."
News & Insights
In a series of news releases, the SEC announced the departures of senior staff at the agency.
A cryptocurrency exchange was sentenced to two years probation and a fine of $100 million for violating the Bank Secrecy Act "by willfully failing to establish, implement, and maintain an adequate anti-money laundering and know-your-customer program."
The CFPB proposed a rule to eliminate "coercive terms and conditions" in consumer finance contracts, targeting provisions that restrict consumer expression or allow companies to unilaterally amend contracts.
A firm settled FINRA charges for submitting inaccurate trade reports. FINRA said the firm self-reported that the inaccuracies were the result of coding errors when the firm migrated to a new blue sheet system.