CFTC Commissioner Summer K. Mersinger asserted that the Basel III Endgame Proposal, if adopted, would have a significant negative impact on derivatives markets.
News & Insights
In CFPB v. National Collegiate Master Student Loan Trust, et. al., a three-judge panel of the U.S. Circuit Court of Appeals for the Third Circuit considered two issues: (i) whether the fifteen appellant trusts were "covered persons" subject to the CFPA and (ii) whether the original lawsuit had to be ratified because the action was initiated while there was a constitutional deficiency within the CFPB.
Comments on CFTC proposed rules on governance and conflict standards for Designated Contract Markets and Swap Execution Facilities are due on or before April 22, 2024.
A bank registered as a swap dealer and an introducing broker settled CFTC charges for recordkeeping and supervision failures.
A firm settled FINRA charges for (i) allowing paid influencers to make posts on social media that involved unfair, exaggerated or false claims and (ii) failing to review such posts prior to their posting.