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SEC Awards More Than $10 Million to Whistleblower.

Source: https://www.sec.gov/news/press-release/2022-196 The Securities and Exchange Commission today announced an award of more than $10 million to a whistleblower who provided information and assistance that significantly contributed to a successful SEC enforcement action. The whistleblower provided important documents and met twice with Enforcement staff.

FINRA October 2022 disciplinary report: 'between August 2017 and May 2019, Morgan Stanley reported approximately 9.6 million transactions in National Market System (NMS) securities without a required short sale indicator.' Discipline? $250,000 fine.

Good morning r/Superstonk, I hope everyone's day is off to a great start. FINRA released its Disciplinary and Other FINRA Actions reported for October 2022. If you find this 'discipline' to be 'light', please consider dropping by https://www.reddit.com/r/Superstonk/

SEC Alert! Commissioner Hester M. Peirce on Proposed rule 206(4)-11: I cannot support repackaging existing fiduciary obligations into a new set of prescriptions for investment advisers.

Source Thank you Chair Gensler. Investment advisers are fiduciaries to their clients, so why are we giving them step-by-step instructions on how to do their jobs? If we think Congress got it wrong—that investment advisers cannot, absent regulatory handholding, serve their clients faithfully—then we should tell Congress. The

SEC Alert! The SEC voted today to adopt rule and form amendments to require mutual funds and exchange-traded funds to transmit concise and visually engaging shareholder reports...

SEC Alert! The SEC voted today to adopt rule and form amendments to require mutual funds and exchange-traded funds to transmit concise and visually engaging shareholder reports and to promote transparent and balanced presentations of fees and expenses in investment company advertisements. Source The Securities and Exchange Commission voted today

SEC Alert! Commissioner Hester M. Peirce: What we are doing today—implementing the statutory clawbacks mandate—is commendable. But how we are doing it—expansively, inflexibly, and impractically—is not. Accordingly, I cannot vote to adopt this rule.

Source What we are doing today—implementing the statutory clawbacks mandate—is commendable. But how we are doing it—expansively, inflexibly, and impractically—is not. Accordingly, I cannot vote to adopt this rule. Section 954 of the Dodd-Frank Act generally requires the Commission to direct exchanges to require listed companies

SEC Alert! SEC today adopted rules to require securities exchanges to adopt listing standards that require issuers to develop and implement a policy providing for the recovery of erroneously awarded incentive-based compensation

SEC Alert! SEC today adopted rules to require securities exchanges to adopt listing standards that require issuers to develop and implement a policy providing for the recovery of erroneously awarded incentive-based compensation received by current or former executive officers. Source: https://www.sec.gov/news/press-release/2022-192 Fact Sheet: https:

CFPB Issues Guidance to Help Banks Avoid Charging Illegal Junk Fees on Deposit Accounts. Banks continue to rely heavily on overdraft and non-sufficient funds (NSF) revenue, which reached an estimated $15.47 billion in 2019.

Source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-issues-guidance-to-help-banks-avoid-charging-illegal-junk-fees-on-deposit-accounts/ Today, the Consumer Financial Protection Bureau (CFPB) issued guidance about two junk fee practices that are likely unfair and unlawful under existing law. The first, surprise overdraft fees, includes overdraft fees charged when consumers had enough money in their account to cover