Senators demand FINRA strengthen standard to prevent brokerage fraud
U.S. Sens. Ron Wyden (D-OR) and Elizabeth Warren (D-MA) called for the Financial Industry Regulatory Authority (FINRA) to strengthen protections as a way to prevent Automated Customer Account Transfer Service (ACATS) brokerage fraud. The lawmakers said ACATS is way for brokerage firms to seamlessly transfer stocks, bonds and cash from one firm to another. Managed by the National Securities Clearing Corporation, it is designed to keep brokerages from slowing transfers, but its rapid process g...
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Santander Bank closes on acquisition of Webster Bank
Santander US has completed the acquisition of Webster Financial Corporation, the holding company for Webster Bank. Th...Read More »
SEC proposed new rules for crypto assets
The Securities and Exchange Commission SEC) has proposed new rules that would create a clear framework for certain inves...Read More »
Treasury seeking public comments on implementation of GENIUS Act
The U.S. Department of the Treasury is seeking public comment on a proposed rule that outlines the Treasury’s implemen...Read More »
Reps. Bynum, Kim introduce bill to provide credit unions with more investment opportunities
U.S. Reps. Janelle Bynum (D-OR) and Young Kim (R-CA) introduced legislation that seeks to provide federal credit unions ...Read More »
FHFA proposes to amend Suspended Counterparty Program regulation
The U.S. Federal Housing Finance Agency (FHFA) is looking to amend its regulation that governs its Suspended Counterpart...Read More »
Activist investor Ancora makes offer to buy H.B. Fuller’s building adhesives segment
Ancora Holdings Group is looking to acquire the H.B. Fuller Company’s Building Adhesive Solutions (BAS) segment for be...Read More »
Ancora makes up to $1.2B offer to buy H.B. Fuller’s adhesives unit
Ancora Holdings Group is looking to acquire the H.B. Fuller Company’s Building Adhesive Solutions (BAS) segment for be...Read More »
Elliott Investment calls for major board overhaul at Northern Star Resources
Elliott Investment Management LP is pressing Northern Star Resources for significant changes to its board, arguing that ...Read More »
Sens. Moran, Hagerty introduce bill to increase transparency of bank exams
U.S. Sens. Jerry Moran (R-KS) and Bill Hagerty (R-TN) introduced legislation in the Senate that will help create a fair ...Read More »
TOMS Capital Investment escalates Voya challenge
TOMS Capital Investment Management LP (TCIM) is pressing ahead with a campaign to give Voya Financial Inc. shareholders ...Read More »
