SEC
SEC says self-reporting key factor in reducing off-channel communication fines
A senior enforcement official said the regulator considers several factors in determining the size of penalties imposed on financial institutions over recordkeeping violations
3 min read
Hedge funds sue SEC over Treasury dealer rule
Managed Funds Association, Alternative Investment Management Association, and National Association of Private Fund Managers rack up latest legal claim
3 min read
SEC approves weakened climate disclosure rule
Regulator drops a requirement fiercely contested by companies
4 min read
City still falling short on comms compliance as FCA mulls WhatsApp crackdown
Only 14% are confident they are in control of 'off-channel' chats
3 min read
Private fund lobbyists get set for high-stakes SEC court fight
Investors and business groups dispute regulator’s role and new disclosure mandates for the $26tn industry
5 min read
Judge questions SEC’s claim to regulate Coinbase
Crypto exchange is seeking dismissal of lawsuit at centre of agency’s oversight strategy
4 min read
Bitcoin bulls take $85m hit amid SEC’s ETF approval
The SEC has approved 11 spot bitcoin ETF applications
2 min read
Cardano founder Charles Hoskinson: SEC ‘doesn’t have answers’ on which cryptos are securities
The US regulator only classifies bitcoin and ether as decentralised crypto assets, leaving others to face tougher rules
2 min read
Big battles loom in SEC’s war on crypto
Agency’s push to regulate ‘Wild West’ market could stumble if it loses enforcement cases against Coinbase, Binance or Kraken
6 min read
Credit Suisse to pay $10m after SEC alleges prohibited underwriting, advising
SEC says the bank acted as an underwriter and investment adviser to mutual funds after being prohibited from doing so by a New Jersey court
Former SEC chair Jay Clayton: ‘Tokenisaiton has huge potential’
Blockchain could bring more efficient settlement, the ex-boss of the US regulator tells FN, but laws need to stay in place
Binance copped a $4bn plea but is still fighting the SEC
Prosecutors and the Treasury Department had more leverage to get a settlement with the cryptocurrency exchange
Regulators say Wells Fargo isn’t doing enough to police customer crimes
Bank also faces lawsuit claiming that it failed to detect alleged Ponzi scheme
Fed probes Morgan Stanley’s international wealth management practices
At issue is how the bank vets foreigners and the origins of their money before taking them on as customers
3 min read
Wall Street grapples with texting crackdown
The challenges of enforcing regulations against the use of off-channel communications have gone beyond encrypted apps such as WhatsApp, industry participants say
6 min read
HSBC blocks texts on staff mobiles
Bank is the latest to get ahead of regulatory probes into unauthorised messaging
1 min read
As Sam Bankman-Fried’s trial starts, crypto traders are on edge
FTX's collapse offers some stark lessons for investors as legal proceedings ramp up
3 min read
DWS fined $19m by SEC over ‘ESG misstatements’
The asset manager, which is majority owned by Deutsche Bank, also incurred a $6m penalty for shortcomings in its anti-money laundering procedures
3 min read