The Securities and Exchange Commission (SEC) is looking to amend the “cross-trading rule,” which permits transactions in securities between a registered fund and its affiliates. The proposed am...
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Thirty-four state financial regulatory agencies reached a a $2.5 million settlement with Seattle-based Coinme, a cryptocurrency money transmitter and kiosk operator that was accused of violating Bank...
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U.S. Sen. Elizabeth Warren (D-MA) said the investigation into the Commodity Futures Trading Commission (CFTC) is needed to ensure the agency can carry out its duties. Warren’s statement comes af...
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The Office of the Comptroller of the Currency (OCC) levied a $350 million fine against American Express National Bank for deficiencies in its Bank Secrecy Act (BSA) and anti-money laundering (AML) com...
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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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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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