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Treasury Releases First Ever Non-fungible Token Illicit Finance Risk Assessment.

Treasury Releases First Ever Non-fungible Token Illicit Finance Risk Assessment.

The U.S. Department of the Treasury published a 2024 Non-fungible Token (NFT) Illicit Finance Risk Assessment. The risk assessment explores how vulnerabilities associated with NFTs and NFT platforms may be exploited by illicit actors for money laundering, terrorist financing, and proliferation financing. The assessment finds that NFTs are highly

FDIC Quarterly Banking Profile: Unrealized losses on securities totaled $516.5 billion in the first quarter, an increase of $38.9 billion (8.2 percent) from fourth quarter 2023.

The Quarterly Banking Profile is a quarterly publication that provides the earliest comprehensive summary of financial results for all FDIC-insured institutions. Reports from 4,568 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) report aggregate net income of $64.2 billion in first quarter 2024,

CFTC Orders J.P. Morgan to pay $200 million.

CFTC Orders J.P. Morgan to pay $200 million for failing to to surveil billions of order messages from 2014 through 2021.

Summary: Facts: "The magnitude of the gaps in JPM’s surveillance was large: On DCM-1, for example, JPM failed to ingest into its surveillance systems—and thus failed to surveil—billions of order messages from 2014 through 2021." Penalty?: Statement of Commissioner Kristin N. Johnson on Settlement Agreement

Fed supervisors summarize assessments of large financial institutions using LFI rating system--in 2023, only 1/3 of large financial institutions had satisfactory ratings.

Fed supervisors summarize assessments of large financial institutions using LFI rating system--in 2023, only 1/3 of large financial institutions had satisfactory ratings.

The Federal Reserve Board publishes its semiannual Supervision and Regulation Report to inform the public of current banking conditions as well as provide transparency about its supervisory and regulatory policies and actions. This report focuses on developments in three areas: 1. Banking System Conditions provides an overview of the financial

From at least February 2017 through the present, Merrill Lynch failed to establish and maintain a supervisory system designed to achieve compliance with its best execution obligations for certain retail equities orders.

From at least February 2017 through the present, Merrill Lynch failed to establish and maintain a supervisory system designed to achieve compliance with its best execution obligations for certain retail equities orders.

Overview: "From at least February 2017 through the present, Merrill failed to establish and maintain a supervisory system, including written supervisory procedures, reasonably designed to achieve compliance with its best execution obligations for certain retail equities orders" FACTS AND VIOLATIVE CONDUCT: * Merrill failed to reasonably supervise the execution

Comment Template for new FINRA Rule 6500 Series (Securities Lending and Transparency Engine (SLATE))

Comment Template for new FINRA Rule 6500 Series (Securities Lending and Transparency Engine (SLATE)) to require reporting of securities loans and provide for the public dissemination of loan information. Comments Due by 5/28/24.

Before going any further, have you checked out kibblepigeon's post? 💡REGULATORY KILL SHOT 🎯 Rule proposal: SR-OCC-2024-001 has been shut down by the SEC & we're close to getting it kicked out. Time to drive home this win. Find PART TWO here 🎯 ⏰ ⏳ DEADLINE: Friday 17th May 2024

FINRA proposes reporting of securities loans and provide for the public dissemination of loan information.

FINRA is proposing to adopt the new FINRA Rule 6500 Series (Securities Lending and Transparency Engine (SLATE)) to require reporting of securities loans and provide for the public dissemination of loan information.

Background: "In its Adopting Release, the Commission stated that SEA Rule 10c-1a would increase transparency in the securities lending market, resulting in a reduction of the information disadvantage faced by end borrowers and beneficial owners, improved price discovery, increased competition among providers of securities lending analytics services, reduced costs