A broker-dealer settled FINRA charges for failing to (i) collect investment profile information for customers participating in private placement offerings and (ii) file certain required corporate offering filings.

In its annual enforcement report, the SEC touted an increase in enforcement actions compared to the previous year and highlighted a record-breaking amount of monetary penalties and whistleblower awards.

Director of the SEC Division of Investment Management William Birdthistle described regulatory developments and the challenges of globalization and interconnectedness to the asset management industry.

The ICE Benchmark Administration decided to cease publishing USD LIBOR ICE swap rate "runs" for all tenors immediately after publication of the rates on June 30, 2023.

The SEC approved a FINRA proposal to shorten the permitted syndicate account settlement timeframe for corporate debt offerings.