The Commodity Futures Trading Commission (CFTC) has imposed a $4 million fine on Barclays Bank PLC for violations related to swap reporting, a decision that has reignited discussions about the regulator's enforcement strategies and supervisory approach.
The Financial Industry Regulatory Authority (FINRA) has levied over $12.52 million in penalties against four firms—Cambridge International Securities, Merrill Lynch, Oak Ridge Financial Services Group, and First Southern. These enforcement actions underscore the heightened scrutiny FINRA is applying to firms that neglect their supervisory responsibilities, exposing clients to potential financial harm through a range of infractions, including inadequate supervisory systems, improper email usage, and unfair pricing practices.
TD Securities (USA) LLC has been sanctioned with more than $27 million in fines and penalties following coordinated enforcement actions by the U.S. Department of Justice (DOJ), the Securities and Exchange Commission (SEC), and the Financial Industry Regulatory Authority (FINRA). These actions stem from TD Securities’ involvement in a spoofing scheme that manipulated U.S. Treasury securities markets.
The U.S. Securities and Exchange Commission (SEC) has taken decisive action against an accountant and his firm for their alleged role in a significant securities fraud case. Olayinka Oyebola and his PCAOB-registered accounting firm, Olayinka Oyebola & Co. (Chartered Accountants), face charges of aiding and abetting a massive fraud scheme orchestrated by businessman Mmobuosi Odogwu Banye, also known as Dozy Mmobuosi, and three U.S. companies under his control.
The Federal Communications Commission (FCC) announced today a groundbreaking settlement with T-Mobile, resolving multiple investigations into significant data breaches that compromised the personal information of millions of American consumers. The agreement, which includes substantial financial penalties and far-reaching cybersecurity commitments, represents a pivotal moment in the FCC's ongoing efforts to bolster data protection within the telecommunications industry.
The Global RegTech Summit USA, held yesterday at 117 West 46th Street, has been acclaimed as the most successful U.S. edition of the event to date. With over 350 attendees, the summit brought together industry leaders, innovators, and experts to discuss the latest trends and challenges in regulatory technology.
The U.S. Securities and Exchange Commission (SEC) has charged Cassava Sciences, Inc., along with its founder and former CEO Remi Barbier and former Senior Vice President of Neuroscience Dr. Lindsay Burns, for misleading investors about the efficacy of a Phase 2 clinical trial for their Alzheimer’s disease therapeutic. The charges stem from misleading statements made in September 2020, resulting in over $40 million in penalties to settle the allegations.