The Federal Housing Finance Agency is issuing this final rule to adopt as its own portions of the regulations of the Federal Housing Finance Board (Finance Board) pertaining to the capital requirements for the Federal Home Loan Banks. The final rule carries over most of the existing Finance Board ...
The SEC adopted a new rule that would establish a pilot program (the "Pilot") to study the effects that transaction-based fees and rebates in certain National Market System ("NMS") stocks may have on order-routing behavior, execution quality and market quality generally. The ...
The U.S. Treasury Department Office of Financial Research adopted final rules establishing a data collection requiring the reporting of certain information about centrally cleared transactions in the U.S. repurchase agreement market to the OFR. SEC ...
The CFTC Division of Swap Dealer and Intermediary Oversight (the "Division") granted no-action relief from registration as a CPO or CTA to the investment manager of a fund. The relief was granted with respect to the investment manager's management of an affiliate that uses commodity ...
The SEC adopted a new rule that would establish a pilot program (the "Pilot") to study the effects that transaction-based fees and rebates in certain National Market System ("NMS") stocks may have on order-routing behavior, execution quality and market quality generally. The ...
The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Board), the Federal Deposit Insurance Corporation (FDIC), the Farm Credit Administration (FCA), and the National Credit Union Administration (NCUA) are amending their regulations regarding ...
A U.S.-based building materials company agreed to settle with the U.S. Treasury Department ("Treasury") Office of Foreign Assets Control ("OFAC") charges stemming from five alleged transactions that violated the Iranian Transactions and Sanctions Regulations. According to OFAC, ...
A former employee of a biotechnology firm agreed to settle SEC charges for insider trading on the confidential information of his former employer. In a Complaint filed in the U.S. District Court for the Southern District of New York, the SEC alleged that Joseph Frank Vacante engaged in illegal ...
The FDIC requested comment on the application of an interagency proposal to implement the community bank leverage ratio ("CBLR") framework. The FDIC plans to amend its deposit insurance assessment regulations to apply the CBLR framework to the deposit insurance assessment system. Through ...
The Managed Funds Association ("MFA") cautioned against measures that would require asset managers to incorporate "overly prescriptive" environmental, social and governance ("ESG") factors into investments. In a comment letter, the MFA addressed the European Securities ...
The SEC extension of the comment period for its proposal to improve disclosures for purchases of variable annuities and variable life contracts was published in the Federal Register. Comments must be submitted by March 15, 2019 (see previous coverage of the proposal). SEC ...
Initial Decision Release No. 1356 Administrative Proceeding File No. 3-18210 UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 In the Matter of Icon Vapor, Inc., POWRtec International Corp., Silvergraph International, Inc., and Walter Energy, Inc. (n/k/a ...
Initial Decision Release No. 1355 Administrative Proceeding File No. 3-18450 UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 In the Matter of Oriental Dragon Corp. Initial Decision of Default February 21, 2019 Appearances: James M. Carlson and Cecilia B ...
UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ADMINISTRATIVE PROCEEDINGS RULINGS Release No. 6468/February 21, 2019 ADMINISTRATIVE PROCEEDING File No. 3-16293 In the Matter of:: LAURIE BEBO and: ORDER JOHN BUONO, CPA: The Securities and Exchange ...
SEC Obtains Final Judgments Against Former CEO and Former CFO of General Cable Corp. Operating Segment Litigation Release No. 24407 / February 21, 2019 Securities and Exchange Commission v. Mathias Francisco Sandoval Herrera and Maria D. Cidre, Civil Action No. 1:17-cv-20301-JAL (S.D. Fla., filed ...
SEC Settles with Biotech Insider Trader Litigation Release No. 24406 / February 21, 2019 Securities and Exchange Commission v. Joseph Frank Vacante, No. 19-civ-1616 (S.D.N.Y. filed Feb. 21, 2019) The Securities and Exchange Commission today charged a former employee of a biotech company with ...
SEC Charges Broker-Dealer and Transfer Agent in Microcap Shell Factory Fraud Litigation Release No. 24405 / February 21, 2019 Securities and Exchange Commission v. Spartan Securities Group, Ltd., Island Capital Management LLC, Carl E. Dilley, Micah J. Eldred and David D. Lopez, No. 19-civ-00448 (M ...
UNITED STATES OF AMERICA before the SECURITIES AND EXCHANGE COMMISSION SECURITIES EXCHANGE ACT OF 1934 Release No. 85171 / February 21, 2019 ACCOUNTING AND AUDITING ENFORCEMENT Release No. 4023 / February 21, 2019 Admin. Proc. File No. 3-17950 In the Matter of DAVID PRUITT, CPA ORDER DENYING MOTION ...
UNITED STATES OF AMERICA before the SECURITIES AND EXCHANGE COMMISSION SECURITIES ACT OF 1933 Release No. 10609 / February 21, 2019 SECURITIES EXCHANGE ACT OF 1934 Release No. 85172 / February 21, 2019 INVESTMENT Advisers Act OF 1940 Release No. 5116 / February 21, 2019 INVESTMENT COMPANY ACT OF ...
RELEASE Number 7875-19 Federal Court Imposes $15.7 Million Civil Penalty and Lifetime Trading Ban against Precious Metals Dealer and his Company in CFTC Anti-Fraud ActionIn 2015, the CFTC Charged California Resident Hannes Tulving, Jr. and His Firm with Misappropriation and Fraudulent Solicitation ...
FINANCIAL INDUSTRY REGULATORY AUTHORITYLETTER OF ACCEPTANCE, WAIVER AND CONSENTNO. 2018058884001TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA")RE: John William Spach, Respondent Former Registered Representative CRD No. 2731192Pursuant to FINRA Rule 9216 of ...
FINANCIAL INDUSTRY REGULATORY AUTHORITYLETTER OF ACCEPTANCE, WAIVER AND CONSENTNO. 2017053675002TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA")RE: Bradley Curtis William, Respondent Former General Securities Representative CRD No. 5622102Pursuant to FINRA ...
An SEC proposal to establish a process for registered security-based swap ("SBS") dealers and major SBS participants applying for relief from the prohibition in Exchange Act Section 15F(b)(6) on individuals subject to certain statutory disqualification is effective April 22, 2019. SEC ...
The Consumer Financial Protection Bureau ("CFPB") proposed delaying the August 19, 2019 compliance date for the mandatory underwriting provisions of the regulation promulgated by the CFPB in November 2017 governing Payday, Vehicle Title, and Certain High-Cost Installment Loans (2017 Final ...