The United States and the CFTC sued regulators in Illinois, Arizona, and Connecticut, alleging that the states are improperly preventing federally regulated trading platforms from offering event contracts to customers.
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The Treasury Department proposed rules for determining when a state-level regulatory regime is "substantially similar" to the federal regulatory framework under the Guiding and Establishing National Innovation for U.S. Stablecoins ("GENIUS") Act.
SIFMA warned that altering the SEC's current "Non-Objecting Beneficial Owner" and "Objecting Beneficial Owner" framework could undermine investor privacy, cybersecurity, and the efficiency of the U.S. proxy system.
CFTC Director of Enforcement, David Miller warned prediction market participants that the CEA's insider trading laws apply with full force to event contracts.
A firm settled FINRA charges for failing to adequately surveil and supervise deferred variable annuity exchanges.