The Autorité des Marchés Financiers (AMF), France's financial markets regulator, published its 2023 Annual Report this week, highlighting the progress made last year in line with its strategic priorities for 2023-2027 and its resolve to stay on track in 2024.
An Asia-focused investment advisory firm and its top executives misled investors about one of the firm's flagship funds and failed to disclose conflicts of interest, according to charges announced today by the Securities and Exchange Commission.
The UK's Competition and Markets Authority (CMA) has launched an investigation into Meta (formerly Facebook) under Chapter II of the Competition Act 1998. The investigation concerns Meta's conduct related to the collection and use of data in providing online advertising services and its single sign-on function.
The European Banking Authority (EBA) has published a report highlighting divergences in how "virtual IBANs" are issued and regulated across the European Union. The report identifies issues stemming from these divergences and provides recommendations to address them.
London-based private equity firm Hg Capital has acquired Los Angeles-based AuditBoard, a leading GRC platform, for over $3 billion. This acquisition by Hg follows a series of investments into GRC solutions providers, sending a continued message of market validation to the growth and significance of the space. Hg Capital's acquisition of AuditBoard may serve as a strong anchor into the GRC space to support a larger private equity rollup of other GRC solutions. AuditBoard recently surpassed $200 million in annual recurring revenue and serves half of the Fortune 500.
J.P. Morgan Securities LLC has agreed to pay $200 million to settle regulatory charges that it failed for over a decade to properly monitor billions of trading orders on a major U.S. futures exchange due to lapses in its trade surveillance systems.
A telecom company is facing a hefty $2 million fine from federal regulators for its alleged role in transmitting an illegal robocall campaign that used artificial intelligence to spoof President Biden's voice days before the New Hampshire presidential primary.