SEC Alert! City National Rochdale to Pay More Than $30 Million for Undisclosed Conflicts of Interest. Failures to disclose its conflicts of interest deprived clients of their ability to make informed investment decisions

FYI, The Federal Reserve Board yesterday invited public comment on a supplement to its May 2021 proposal intended to ensure that Reserve Banks use a transparent and consistent set of factors when reviewing requests to access Federal Reserve accounts and payment services.

Source

Federal Register notice: Guidelines for Evaluating Account and Services Requests (PDF)

Board memo: Proposed Guidelines to Evaluate Requests for Accounts and Services at Federal Reserve Banks (PDF)

Should be able to comment from here soon.

Please consider commenting on all of the outstanding requests, and consider writing your congress critters.

Your comments to these people matter. Consider writing about how failures to disclose conflicts of interest deprive clients of their ability to make informed investment decisions.

NOTHING changes unless Apes get and stay active.

Get motivated, get hyped, get commenting, continue shopping at GameStop, and DRSing shares!

Apes Strong Together

Reddit Post

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Korea's new Act on the Protection of Virtual Asset Users comes into force on July 19, 2024, marking a significant step in safeguarding users and regulating virtual asset service providers (VASPs). This follows a revision in March 2021, which required VASPs to register with financial authorities and introduced

Credit Suisse engaged in naked short sales

Korea's SFC Imposes Penalty Surcharges on Global Investment Banks for Violating Short Sale Regulations. Credit Suisse engaged in naked short sales in the amount of about KRW60.33 billion (162,365 shares on 20 stock items).

The Securities and Futures Commission, a sub-commission within the Financial Services Commission responsible for overseeing the securities and futures markets, held the thirteenth regular meeting on July 3 and decided to impose penalty surcharges amounting to KRW27.173 billion in total on two former Credit Suisse affiliated investment banks for

CFTC Awards Over $8 Million to Whistleblower who "helped the CFTC establish that one or more derivatives market participants deceived clients about key aspects of trades."

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