An amendment and an addition to the Federal Rules of Civil Procedure adopted by the Supreme Court went into effect on December 1, 2022. The new rule requires all non-governmental corporate parties in diversity-of-citizenship cases to file a disclosure statement.

Comments on an SEC proposal that would require issuers to provide additional, more comprehensive and more frequent disclosures regarding share repurchases are now due by January 11, 2023.

A broker-dealer settled FINRA charges for failing to compute accurately its aggregate indebtedness and net capital, failing to file accurate reports as a result and failing to respond to FINRA requests for information.

A broker-dealer settled FINRA charges for failing to investigate red flags raised by the undisclosed outside business activities of one of its registered representatives.

In its semiannual risk perspective, the OCC highlighted the operational, credit compliance and interest rate risks impacting the federal banking system.