In a sweeping regulatory action, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have imposed hefty fines totaling hundreds of millions of dollars on dozens of financial institutions for widespread record-keeping and supervision failures related to the use of unapproved communication methods.
The U.S. Department of the Treasury has unveiled a new website dedicated to the enforcement activities of the Committee on Foreign Investment in the United States (CFIUS). This initiative marks a pivotal step in CFIUS’s ongoing efforts to enhance its role as a guardian of national security by providing the public and investors with unprecedented access to information on the committee’s enforcement actions and penalties.
The latest survey conducted by BarkerGilmore provides a revealing look into the compensation trends for Chief Compliance Officers (CCOs) across public companies, private companies, and non-profit organizations. As compliance professionals navigate an increasingly complex regulatory environment, understanding these compensation patterns offers valuable insight into the evolving priorities of organizations across various sectors.
The Financial Conduct Authority (FCA) has levied a fine of £276,100 against Forex TB Limited (FXTB), a Cypriot contract for differences (CFD) firm, for failing to treat customers fairly and providing unauthorized investment advice.
The European Insurance and Occupational Pensions Authority (EIOPA) has released a follow-up report assessing the progress of insurance supervisory authorities' collaboration across the European Economic Area (EEA). The report, published today, evaluates the implementation of recommendations from a 2020 peer review on EIOPA's Decision regarding supervisory collaboration.
The Commodity Futures Trading Commission (CFTC) has issued an order fining Vitol Inc. and its affiliate, Vitol SA, a combined $500,000 for exceeding federal position limits in crude oil and live cattle futures contracts. This landmark case marks the CFTC's first enforcement action involving aggregate positions across multiple exchanges.
The Securities and Exchange Commission (SEC) has charged OTC Link LLC, a New York-based broker-dealer, with failing to file numerous Suspicious Activity Reports (SARs) over a period exceeding three years. The firm has agreed to pay $1.19 million to settle the charges.