On July 27, 2022, FINRA filed a proposed rule change with the SEC to make it easier for brokers to work from home. The proposed rule will add a category termed a “Residential Supervisory Location” under FINRA Rule 3110...more
8/16/2022
/ Acquisitions ,
Broker-Dealer ,
Compliance ,
Enforcement Actions ,
Financial Industry Regulatory Authority (FINRA) ,
FinTech ,
Investment Adviser ,
Investment Funds ,
Mergers ,
Registered Investment Advisors ,
Securities and Exchange Commission (SEC) ,
Spoofing ,
UK
The New York Department of Financial Services was told by a federal court in New York that it could proceed with its lawsuit challenging plans of the Office of the Comptroller of the Currency to accept and consider...more
5/7/2019
/ Banking Sector ,
Blockchain ,
CFTC ,
Cryptoassets ,
Cryptocurrency ,
Distributed Ledger Technology (DLT) ,
Financial Industry Regulatory Authority (FINRA) ,
FinTech ,
National Bank Charters ,
NYDFS ,
OCC ,
Regulatory Oversight ,
Special Purpose National Bank Charter
New York regulators continued an aggressive approach against certain entities engaged in virtual currency businesses when the state's Attorney General’s office obtained an ex parte order precluding companies associated with a...more
4/30/2019
/ Bitcoin ,
BitLicense ,
CFTC ,
Commodity Exchange Act (CEA) ,
Cryptoassets ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Instruments ,
FinTech ,
Foreign Corrupt Practices Act (FCPA) ,
LabCFTC ,
NYDFS ,
NYSE ,
Proposed Rules ,
Securities and Exchange Commission (SEC) ,
Spoofing ,
Virtual Currency ,
Wire Fraud
The Securities and Exchange Commission’s view that most cryptoassets issued as part of initial coin offerings and presales to ICOs are securities was challenged by a federal court in California when it denied the agency’s...more
12/4/2018
/ Bitcoin ,
Crypto Exchanges ,
Cryptoassets ,
Disruptive Trading Practices ,
FinTech ,
Iran ,
LabCFTC ,
Mexico ,
Office of Foreign Assets Control (OFAC) ,
Ransomware ,
Securities and Exchange Commission (SEC) ,
Singapore ,
Spoofing
For the second time this year, a Commodity Futures Trading Commission-registered futures commission merchant and National Futures Association member was sanctioned by both regulators for allegedly not supervising post-trade...more
The United States Supreme Court made clear that, to take advantage of a key anti-retaliation protection of the Dodd-Frank Wall Street Reform and Consumer Protection Act, an employee whistleblower must identify potential...more
EC Proposes Two-Tier System for Classifying Third-Country CCPs; Certain Systemically Important CCPs May Be Required to Relocate to the EU:
The European Commission proposed measures that would substantially amend its...more
Retail Foreign Exchange Dealer Agrees With CFTC and NFA to Cease Doing Business for Concealing Relationship With Closely Tied Market Maker -
Forex Capital Markets, LLC, a retail foreign exchange dealer, and two of its...more