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Federal Reserve & FDIC Alert! The Fed & FDIC announced today that they will extend until January 23, 2023, the comment period on an advance notice of proposed rulemaking to enhance regulators' ability to resolve large banks in an orderly way.

Source: https://www.federalreserve.gov/newsevents/pressreleases/bcreg20221215a.htm The Federal Reserve Board and the Federal Deposit Insurance Corporation announced today that they will extend until January 23, 2023, the comment period on an advance notice of proposed rulemaking to enhance regulators' ability to resolve large banks in an

Commissioner Hester M. Peirce on new Insider Trading rules: While this rulemaking is more prescriptive and restrictive than I would have preferred, I support it for likely doing more good than bad.

Source: https://www.sec.gov/news/statement/peirce-insider-trading-20221214 Thank you, Chair Gensler. While this rulemaking is more prescriptive and restrictive than I would have preferred, I support it for likely doing more good than bad. It should help insiders to trade without fear of liability, while making it more difficult

SEC Alert! SEC Proposes Amendments to Enhance Disclosure of Order Execution Information

Source: https://www.sec.gov/news/press-release/2022-223 The Securities and Exchange Commission today proposed amendments that would update the disclosure required under Rule 605 of Regulation NMS for order executions in national market system stocks, which are stocks listed on a national securities exchange. Rule 605 was adopted in

SEC Alert! Securities and Exchange Commission today announced charges against eight individuals in a $100 million securities fraud scheme in which they used the social media platforms Twitter and Discord to manipulate exchange-traded stocks.

Source: https://www.sec.gov/news/press-release/2022-221 The Securities and Exchange Commission today announced charges against eight individuals in a $100 million securities fraud scheme in which they used the social media platforms Twitter and Discord to manipulate exchange-traded stocks. According to the SEC, since at least January 2020,

SEC Alert! SEC Charges Financial Services Professional and Associate in $47 Million Front-Running Scheme

Source: https://www.sec.gov/news/press-release/2022-228 The Securities and Exchange Commission today announced fraud charges against Lawrence Billimek, an employee of a major asset management firm with securities portfolios worth billions of dollars, and Alan Williams, who previously worked at several financial industry firms, for perpetrating a multi-year

SEC Alert! SEC Charges Samuel Bankman-Fried with Defrauding Investors in Crypto Asset Trading Platform FTX.

Source: https://www.sec.gov/news/press-release/2022-219 The Securities and Exchange Commission today charged Samuel Bankman-Fried with orchestrating a scheme to defraud equity investors in FTX Trading Ltd. (FTX), the crypto trading platform of which he was the CEO and co-founder. Investigations as to other securities law violations and

Whistleblower Alert! SEC Awards More Than $20 Million to Whistleblower

Source: https://www.sec.gov/news/press-release/2022-218 The Securities and Exchange Commission today announced an award of more than $20 million to a whistleblower who provided information and assistance that significantly contributed to a successful enforcement action. The whistleblower provided new information, met with Enforcement Division staff multiple times,