SEC

As part of a broader effort to better coordinate efforts meant to support lawful innovation and uphold market integrity, the Securities and Exchange Commission and the Commodity Futures Trading Commission entered into a memorandum of understanding, the agencies announced on March 11. Read on »

Legislation intended to establish a comprehensive regulatory framework for digital assets in the U.S. has hit several hurdles, ranging from a lack of bipartisan political support to disputes among bankers and crypto advocates. Multiple financial trade organizations met with President Donald Trump at the White House to discuss the matter. Read on »

The Securities and Exchange Commission announced the appointment of several new members of its Public Company Accounting Oversight Board, which is tasked with ensuring public companies and broker-dealers protect the interests of investors and the public. Read on »

Flagstar Financial, Inc., agreed to pay $31.5 million to consumers who filed a class action lawsuit, claiming the bank failed to protect their personally identifying information in a pair of data breaches. Read on »

The Securities and Exchange Commission (SEC) announced the deputy director of the SEC’s Division of Enforcement for the Northeast Region will conclude her tenure with the agency in December. Read on »

As the U.S. Treasury prepares to implement a law many view as laying the groundwork for the future of stablecoin regulation, several organizations representing the financial services industry offered recommendations for doing so in a safe and sound manner that would not harm consumers or disrupt the banking ecosystem. Read on »

The Securities and Exchange Commission has requested public comments on ways to improve its rules governing residential mortgage-backed securities. The agency is also seeking general input on certain aspects of asset-backed securities. Read on »

The Securities and Exchange Commission has formed a task force to strengthen and enhance its efforts to identify and combat cross-border fraud harming U.S. investors, with an initial focus on investigating potential U.S. federal securities law violations related to foreign-based companies. Read on »

The Securities and Exchange Commission and the Commodity Futures Trading Commission outlined a plan for harmonizing regulatory approaches to other novel or innovative financial products, including cryptocurrencies. Read on »

The Securities and Exchange Commission charged the former CEO of a real estate investment business with defrauding approximately 200 investors out of at least $46 million through an elaborate “Ponzi-like” scheme. In a parallel action the Department of Justice announced criminal charges in the matter. Read on »