The U.S. Department of Justice said the former board chair and co-owner of Puerto Rican bank Nodus International Bank will serve 62 months in prison for his part in a wire fraud conspiracy. Juan F...
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The U.S. Department of the Treasury announced that in July, it issued its first civil penalty under the Outbound Investment Security Program (OISP). According to the Treasury Department, it penaliz...
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The Securities and Exchange Commission (SEC) recently moved for entry of a final judgment by consent against a man the agency previously charged with a multi-year cherry-picking allocation scheme. A c...
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The Financial Industry Regulatory Authority (FINRA) announced it has fined Revere Securities LLC for anti-money laundering and supervisory violations related to small-cap IPS for foreign-based issuers...
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A panel of community bankers met in Minneapolis this week with U.S. Comptroller of the Currency (OCC) Jonathan Gould to discuss ongoing efforts to combat financial fraud. At the session, Gould disc...
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The U.S. Department of the Treasury and the Bureau of the Fiscal Service have made significant progress in its efforts to prevent fraud and improper payments. In fiscal 2026, Treasury significantly...
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U.S. Sens. Elizabeth Warren (D-MA) and Josh Hawley (R-MO) are asking insurers why reports indicate an unprecedented share of home and auto claims are being closed without payments to policyholders. ...
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The Commodity Futures Trading Commission (CFTC) is seeking public comment on a proposed rule to establish a regulatory framework for retail commodity transactions involving crypto assets. The rule ...
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In coordination with U.S. and global financial regulators, the U.S. Securities and Exchange Commission warned investors should be vigilant in the face of rising numbers of scams. In a joint investo...
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The Federal Reserve Board is extending the comment period on its proposal to modernize Regulation O – a rule governing the extension of credit by a bank to its "insider.” Insiders include bank exe...
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