SEC

Whistleblowers who aided the Securities and Exchange Commission in laying a “roadmap” for an enforcement action received approximately $6 million in award payments for their help in providing new and useful information to federal examiners, the agency announced. Read on »

The Securities and Exchange Commission voted to end its defense of its rules requiring disclosure of climate-related risks and greenhouse gas emissions, which have been subject to multiple litigation efforts in federal court. Read on »

The Senate Banking Committee voted to advance the Trump administration’s picks to run the Office of the Comptroller of the Currency and the Securities Exchange Commission in a pair of 13-11 party-line votes. Read on »

With the state of the economy and financial regulations representing a significant source of uncertainty, regulatory agencies have taken some steps intended to help institutions understand certain shifts in the policy landscape and offer assistance where possible. Learn more about some of these recent statements and actions from federal agencies. Read on »

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 »