The CFTC initiated a review of two event contracts related to the outcome of sports title events.
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Two firms, one serving as an introducing broker-dealer and the other a clearing/executing broker, settled SEC violations for "failing to accurately report trading activity, comply with short sale rules, submit timely suspicious activity reports, maintain books and records, and safeguard customer information."
The SEC sued Elon Musk for failing to timely disclose his beneficial ownership of Twitter shares after exceeding the 5 percent ownership threshold. The SEC alleged that Mr. Musk's delay in filing allowed him to continue purchasing Twitter shares at artificially low prices, resulting in an underpayment of at least $150 million.
The CFPB sued a national bank for deceptive marketing related to two types of savings accounts with nearly identical names, but drastically different interest rates.
President Joseph R. Biden issued an Executive Order outlining a strategy to build and secure frontier AI infrastructure in the United States.