An investment adviser settled SEC charges for conflicts of interest, material misstatements and omissions, supervision violations and reporting violations related to the adviser's activities with special purpose acquisition companies.
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At a Senate Banking Committee hearing, Ranking Member Pat Toomey (R-PA) raised numerous concerns about the proposed "National Critical Capabilities Act," also known as "outbound CFIUS."
In response to a House Financial Services Committee request for information, the Council of Institutional Investors described how its members are satisfying their fiduciary obligations and complying with international sanctions against Russia.
In submitted comments, financial associations raised concerns about the SEC's proposed amendments to rules governing beneficial ownership.
Unlike the conclusions drawn by the President's Working Group, the Federal Reserve Board researchers concluded that a broad adoption of asset-backed stablecoins can potentially be supported within a two-tiered, fractional reserve banking system without a negative impact on credit intermediation.