SEC

The Securities and Exchange Commission dismissed an enforcement action against Coinbase Inc. and Coinbase Global Inc. with prejudice, marking a shift in its approach to supervision of the cryptocurrency sector. Read on »

The Trump administration has made a number of leadership changes and announced the creation of some new offices within existing federal agencies during its first month in power. In this Regulatory Roundup, catch up on some of the changes that have received less attention but provide valuable insight into the administration’s priorities. Read on »

The Securities and Exchange Commission cited multiple failures in LPL Financial LLC’s anti-money laundering program in a cease-and-desist order calling for the investment advisor to pay an $18 million civil money penalty and to make documented improvements to its fraud mitigation policies and procedures. Read on »

The Securities and Exchange Commission levied $60 million in civil penalties against Wells Fargo and Merrill Lynch for alleged failures related to their cash sweep programs. Specifically, the agency claimed the firms did not follow federal laws requiring investment advisors to consider clients’ best interests. Read on »

Newly inaugurated President Donald Trump made several designations to acting roles at the Federal Deposit Insurance Corp., Securities Exchange Commission and the National Credit Union Administration, among others. Read on »

Flagstar Bancorp settled allegations brought by the Securities and Exchange Commission asserting the bank made materially misleading statements regarding a cybersecurity attack on its network in late 2021 in an event that became widely known as the “Citrix Breach.” Read on »

Federal regulators spend a large portion of the waning months of each year compiling reports on their activities and data collected pertaining to the industries they oversee and the state of their operations. In this regulatory roundup, you will find summaries of some of these reports that may hold details helpful to understanding the role they play in the housing and financial markets. Read on »

As the end of the year inches closer, federal agencies continue to publish in-depth analysis of their activities and data collected over the past 12 months. Learn about one banking regulator’s budgetary plans for 2025 and what information federal regulators had to share about small business lending, among other insights, in this regulatory roundup. Read on »

The Securities and Exchange Commission obtained a record $8.2 billion in financial remedies for fiscal year (FY) 2024 despite issuing fewer enforcement actions than the previous year, according to the agency’s annual report detailing the results of its enforcement activity. Read on »

Speculation as to whether the Securities and Exchange Commission will see new leadership after Donald Trump begins his second term as president was put to rest when the agency announced Gary Gensler’s intention to leave his position as chair on Jan. 20 at noon. His exit will coincide with the inauguration of Trump’s second term in office, at which point he will be able to immediately nominate Gensler’s successor. Read on »