A firm, acting as the distributor for affiliated mutual funds, settled FINRA charges for failing to maintain minimum required net capital and related violations.

A broker-dealer settled FINRA charges for inaccurately calculating its aggregate indebtedness and net capital when participating in firm commitment securities offerings and when preparing its FOCUS reports.

The CFTC extended its comment deadline on CFTC proposed rules on governance and conflict standards for Designated Contract Markets ("DCMs") and Swap Execution Facilities ("SEFs") to May 13, 2024.

The U.S. District Court for the Southern District of California granted the SEC partial summary judgment against a Texas- and Colorado-based municipal advisor and one of its principals for entering into an impermissible fee-splitting arrangement and failing to disclose conflicts of interest.

The U.S. District Court for the Western District of New York granted the SEC partial summary judgment against a New York-based municipal advisor and two of its principals for failing to disclose material conflicts of interest to their clients arising from contingent compensation arrangements.