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SEC Chair Gary Gensler

SEC Chair Gary Gensler: "Investors today can get information from more sources than ever before. They can share advice peer-to-peer via new social media platforms, as well as Reddit communities and YouTube channels."

SEC Chair Gary Gensler emphasizes the value of diverse information sources for investors, including peer-to-peer advice via social media platforms like Reddit and YouTube, which bring new voices and research into the investment field.

Managed Funds Association (MFA) statement on court vacating Private Fund Adviser Rule

Managed Funds Association (MFA) statement on court vacating Private Fund Adviser Rule: "Unfortunately, this is just one instance of SEC overreach as it looks to push through the most aggressive agenda in decades."

Today, MFA President and CEO Bryan Corbett issued the following statement after the Fifth Circuit Court of Appeals vacated the Private Fund Adviser Rule: "Unfortunately, this is just one instance of SEC overreach as it looks to push through the most aggressive agenda in decades" In September 2023,

CFTC Announces Agenda for Global Markets Advisory Committee (GMAC) Meeting 6/4 (Tuesday).

CFTC Announces Agenda for Global Markets Advisory Committee (GMAC) Meeting 6/4 (Tuesday). GMAC to consider impact of the U.S. Basel III endgame bank capital proposals on end-users that rely on cleared derivatives markets & more.

About the Meeting: CFTC Commissioner Caroline D. Pham, sponsor of the Global Markets Advisory Committee (GMAC), announced the agenda for the upcoming GMAC public meeting on Tuesday, June 4, from 10:00 a.m. to 1:00 p.m. EDT at the CFTC’s New York Regional Office. At this

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

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

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

Source: https://www.cftc.gov/PressRoom/PressReleases/8900-24

CFTC CANCELS 4/29/24 OPEN meeting that was set to consider Capital and Financial Reporting Requirements for Swap Dealers and Major Swap Participants & Amendments to the Large Trader Reporting Rules--taken up via seriatim instead.

What does seriatim mean? "Through the seriatim process, the Commission considers and votes by written procedure pursuant to which the recommendations are considered separately by each Commissioner in turn (i.e., in seriatim). Each participating Commissioner will report her or his vote on the recommendation to the Secretary of