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United States
Enforcement
NYAG Expands Fraud Lawsuit Against Crypto Firms to $3b
By Mark Johnston | 13/02/2024
Investigations have revealed that additional investors were defrauded beyond the $1bn claimed in the original suit against Gemini, Genesis and DCG, filed in October 2023.
Sanctions
US VC Firms Accused of Supporting China’s Tech Ambitions
By Editors | 13/02/2024
A report released by a US congressional committee accuses Sequoia Capital China, Qualcomm Ventures and three other VC firms of supporting China’s military.
Enforcement
US SEC Fines 16 More Firms in WhatsApp Probe
By Editors | 11/02/2024
The broker-dealer and investment adviser firms, including Oppenheimer and US Bancorp, agreed to pay a combined $81mn.
Securities / Derivatives
US Regulators Expand Reporting Requirements for Private Funds
By Manesh Samtani | 10/02/2024
The amendments will require detailed reporting on hedge funds’ concentrated positions, counterparty exposures and financing arrangements.
Fintech / Regtech
US Launches AI Safety Consortium With 225 Members
By Editors | 09/02/2024
Members include OpenAI, Google, Microsoft, Meta, Apple, Amazon, Nvidia, JPMorgan Chase, Bank of America, Mastercard, Visa and others.
Sanctions
OFAC Announces Russian Diamond Ban, Price Cap Sanctions
By Editors | 09/02/2024
Import ban on Russian diamonds starts 1 March 2024. New sanctions target UAE-based entities and an oil tanker.
Securities / Derivatives
US SEC Approves Post-trade Transparency Rule for Treasury Market
By Editors | 09/02/2024
Post-trade transparency in the Treasury markets will for the first time be on a trade-by-trade basis, rather than aggregated.
Securities / Derivatives
Goldman Agrees to Penalties for Trade Surveillance Failures
By Editors | 09/02/2024
Goldman did not include some of the securities it traded in surveillance reports between February 2009 and mid-April 2023.
AML / KYC
New FinCEN Rule Targets Money Laundering in Real Estate
By Editors | 09/02/2024
Certain real estate professionals would be required to report all-cash transfers of residential real estate to legal entities or trusts.
Market Infrastructure
US SEC Approves Rule Change to Shift Municipal Bonds to T+1
By Mark Johnston | 08/02/2024
The amendment promotes the completion of allocations, confirmations, and affirmations by the end of trade date for municipal securities transactions.
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