The European Banking Authority (EBA) has endorsed the Dutch Central Bank's (DNB) decision to extend a key macroprudential measure, underscoring persistent systemic risks in the Netherlands' residential real estate market and emphasizing the ongoing challenge of building financial sector resilience.
The Commodity Futures Trading Commission (CFTC) has ordered Nasdaq Futures, Inc. to pay a $22 million civil monetary penalty. The penalty stems from the company's failure to adhere to core regulatory principles, its lack of full disclosure regarding incentive programs, and for providing false and misleading information to the CFTC.
The New York Department of Financial Services (DFS) has reached a $35 million settlement with Nordea Bank Abp over serious compliance failures and inadequate due diligence practices. The settlement, announced on August 27, 2024, by DFS Superintendent Adrienne A. Harris, follows an extensive investigation into the bank's role in facilitating potentially illicit financial activities.
The Information Commissioner's Office (ICO) has issued a formal reprimand to the UK Labour Party for repeatedly failing to respond to subject access requests (SARs) within the legally mandated timeframe. This action follows an investigation prompted by over 150 complaints received by the ICO between November 2021 and November 2022.
The Securities and Exchange Commission (SEC) has announced significant changes to reporting requirements for registered investment companies, aimed at improving transparency and oversight in the fund industry.
The Commodity Futures Trading Commission (CFTC) has imposed a $48 million civil penalty on TOTSA TotalEnergies Trading SA (TOTSA), a major Swiss energy trader, for attempting to manipulate the market for EBOB-linked futures contracts. This case serves as a critical reminder for compliance professionals across the industry of the vital role they play in safeguarding market integrity and preventing unlawful practices.
The U.S. Securities and Exchange Commission (SEC) has announced fraud charges against a China-based investment adviser, its U.S.-based holding company, and their CEO. The case, involving alleged deception of hundreds of investors and misappropriation of at least $6 million, underscores the risks faced by investors in the complex world of pre-IPO investments and international finance.