The Securities and Exchange Commission announced it had filed 583 enforcement actions during the 2024 fiscal year, and obtained a record $8.2 billion in remedies. The commission said its actions r...
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A bipartisan resolution recently introduced in the U.S. House of Representatives recognizes the 100th anniversary of mutual funds. Massachusetts Investors Trust launched the first modern mutual fun...
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The U.S. Treasury Department announced last week, on the 30th anniversary of the establishment of the Community Development Financial Institutions (CDFI) Fund, that it is awarding $76 million in Techn...
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A coalition of financial industry trade associations are calling on the Federal Deposit Insurance Corporation (FDIC) to withdraw a proposal concerning brokered deposits. The proposed changes to th...
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A bipartisan bill that would remove the tax-exempt status of U.S.-based organizations found to be materially supporting terrorist organizations passed the U.S. House of Representatives on Nov. 21. ...
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During in fiscal year 2024, the U.S. Securities and Exchange Commission (SEC) initiated 80 enforcement actions against public companies and subsidiaries. While this is 12 percent less than 2023, it is...
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A newly introduced bipartisan resolution in Congress would block the implementation of a recent tax credit rule that applies to the production of component parts and critical minerals used in clean en...
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U.S. Sens. Mark R. Warner (D-VA), Mike Rounds (R-SD). and Cynthia Lummis (R-WY) introduced a bill that seeks to strengthen the nation’s response to financial threats stemming from China. In summ...
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U.S. Sen. Elizabeth Warren (D-MA) is asking federal regulations to reject Wells Fargo’s petition to lift its asset cap. Wells Fargo’s recent appeal came days after an enforcement action from t...
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The U.S. Department of the Treasury and the IRS released final regulations to help entities that co-own clean energy projects access clean energy tax credits through elective pay, also called direct p...
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