A broker-dealer settled parallel charges brought by FINRA, NYSE Arca and NYSE American LLC for over-tendering shares on behalf of an affiliate and for failing to implement an effective supervisory compliance system.
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In a speech before the Piper Sandler Global Exchange Conference, SEC Chair Gary Gensler floated a wide variety of possible changes to market trading rules.
The SEC obtained a final judgment against a former credit ratings agency after charging it with violating disclosure and internal controls provisions of the federal securities laws in rating commercial mortgage-backed securities.
The New York State Department of Financial Services provided regulatory guidance establishing baseline criteria for USD-backed stablecoins issued by NYDFS-regulated entities.
An investment adviser settled SEC charges for failing to fully and fairly disclose conflicts of interest concerning "its affiliated broker-dealer’s receipt of revenue resulting from advisory clients’ assets in cash sweep products."