Latest news in From the Regulators

Judgment fine

Firms shortchanged cash sweep clients: SEC

Advisory clients only offered low-paying sweep accounts, regulator alleged

A gavel rests on its sounding block with a several law books and a justice scale out of fucus in the background. A cool blue cast dominates the scene. (A gavel rests on its sounding block with a several law books and a justice scale out of fucus in t

Quant funds failed to guard models: SEC

Firms breached fiduciary duties by ignoring known vulnerability, regulator alleged

climate change

Climate risk poses unique threat to financial system: FSB

Potential for climate tipping points, feedback loops to generate systemic, economic fallout

Board room discussion

AMF pledges proactive prudential supervision

Regulator to consider fair treatment of clients amid firms' operational risks

Crypto coins

Crypto risks remain, European regulators find

The sector is vulnerable to money laundering, illicit activity, hacking

Bank of Canada note

BoC to resume ‘business as usual’ this year after pandemic disruption

The central bank will start purchasing assets again this year after two years of shrinking its balance sheet

volatility

Global regs seek safer margin calls

Policymakers aim to address issues exposed in March 2020 market stress

Chart showing ups and downs of stock market

Broker charged in U.S. insider trading scheme

Authorities allege traders exploited inside info on planned securities offerings

Crypto currency

Crypto exchange gets second US$100-million penalty

BitMEX sanctioned in U.S. for anti-money laundering, KYC violations

Green globe in forest

Too soon for climate transition plans to help regs: FSB

Wider adoption, more standardization needed for company plans to be useful for financial regulation

Phone text

Private equity giants hit with SEC texting charges

Regulator settles with 12 firms for a combined US$63.1 million

Gavel and texts

SEC sanctions Robinhood violations

Firms pay US$45 million to settle trade reporting, recordkeeping violations

digital euro

Despite lower costs, EU funds still dear, ESMA finds

Research finds that active funds underperformed between 2019 and 2023

Business banking

CIRO panel revokes third-party order

Earlier decision requiring clearing broker to produce records overturned

Tread carefully

Crypto hedge funds hampered by timid bankers: Report

AIMA survey finds crypto funds struggle to get basic banking services

Bank Of Montreal Branch stock photo

BMO agrees to pay US$40 million to settle SEC charges on supervision failure

BMO Capital Markets division is alleged to have sold mortgage-backed bonds using misleading metrics

Class action

Liquidnet sanctioned by SEC

ATS operator settles allegations of compliance shortcomings

A gavel rests on its sounding block with a several law books and a justice scale out of fucus in the background. A cool blue cast dominates the scene. (A gavel rests on its sounding block with a several law books and a justice scale out of fucus in t

Rep must repay recruitment bonus, appeal court says

Revised agreement between a rep and his former firm was valid: decision

change direction

CFTC sees turnover ahead of new Trump administration

Regulator's head of enforcement, chair to depart next week

Judge looks at papers

Courts making little use of restitution orders

Effort to elevate financial compensation in criminal cases falls flat

rules and regulations

CIRO floats short-selling reforms

SRO proposes mandatory close-out requirements that aim to prevent failed trades, align with U.S. regime

stock market data

Broker fined for unauthorized access violations

Marex Capital Markets sanctioned in settlement with MX

Conflicted graph

Quant trader accused of stealing code

U.S. authorities allege trade secrets stolen to help start rival firm

Gavel and texts

Edward Jones to pay US$17 million in NASAA settlement

Fund investors paid front-end loads, moved into fee-based accounts sooner than expected, regulators alleged

consultation discussion

Closing the gap between mutual, seg fund regulation

CCIR, CISRO propose new guidance on the design, distribution of seg funds