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United States
Supervision & Enforcement
US SEC Fines 12 Municipal Advisors for Record Keeping Violations
By Editors | 18/09/2024
The 12 firms agreed to pay combined penalties of more than $1.3mn for failures to preserve records of business communications using unofficial channels.
Structural Regulation
Eurex Allows US Introducing Brokers to Become Direct Members
By Nithya Subramanian | 18/09/2024
The change will enable US market participants to execute trades on Eurex markets via domestic introducing brokers throughout the US trading day.
PEPs & Sanctions
US Sanctions Georgian Officials Over Human Rights Abuses
By Editors | 17/09/2024
OFAC sanctioned four individuals while the State Department announced visa restrictions on more than 60 others and their family members.
Clearing & Post-Trade
US Move to T+1 Settlement Cycle Declared a Success
By Thisanka Siripala | 17/09/2024
Despite earlier fears, SIFMA, ICI and DTCC said there was no increase in failed trades, operational glitches or FX settlement issues following the transition.
Tokenisation
Thai SEC Consults on Measures to Improve Investment Token Ecosystem
By Nithya Subramanian | 17/09/2024
Securities and futures firms will be allowed to carry out business involving cryptocurrency and investment tokens through separate legal entities.
Anti-Money Laundering
US OCC Imposes Restrictions on Wells Fargo for AML Deficiencies
By Editors | 17/09/2024
The OCC requires Wells Fargo to address deficiencies and seek prior written approval before launching new products or services or entering new geographies.
PEPs & Sanctions
US Issues New Sanctions Targeting Russian Influence Operations
By Editors | 16/09/2024
The new sanctions target media group Rossiya Segodnya and others connected to Russian state media RT and its “malign influence efforts”.
Cryptocurrency
US SEC Fines eToro $1.5m for Not Registering Crypto Services
By Nithya Subramanian | 16/09/2024
As part of the settlement, eToro is required to delist 102 crypto tokens, leaving only Bitcoin, Bitcoin Cash, and Ether available to investors.
Cybersecurity
FINRA Warns of Rising Cyber Risks from Outsourced Services
By Nithya Subramanian | 16/09/2024
FINRA warns of threats from data breaches, zero-day vulnerabilities, weather-related outages, and social engineering campaigns.
Anti-Bribery & Corruption
US Firm Deere & Co Fined $10m in Thailand Bribery Case
By Mark Johnston | 13/09/2024
The company’s subsidiary paid bribes to Thai officials to win government contracts and employees at another company to win sales.
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