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SEC sues Lottery.com and ex-employees for revenue fraud
According to the complaint, a series of artificial transactions drastically inflated the company’s value from 2020 to 2022.
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SEC fines two RIAS $150,000 over faulty client agreements
Penalties imposed over potentially misleading information on non-waivable legal rights.
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Trader incurs $335,000 fine for prearranged energy trades
A Florida man and his firm were fined and received trading bans arising from a fictitious natural gas block-trade scheme.
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Ex-JP Morgan precious metals spoofers get combined $350,000 fine
Consent orders require two former precious metals traders to pay hefty civil penalties and accept industry bans, concluding an enforcement action launched in 2019.
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CFTC launches Innovation Advisory Committee
The advisory group will draw on industry heavyweights and public interest commentators to explore how new technologies can benefit markets and investors.
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CFPB’s Vought requests Fed funding
In a court-ordered reversal, the beleaguered agency has agreed to seek quarterly funding from the Federal Reserve after all.
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US Treasury starts new year with flurry of activity
A brief roundup of US Treasury activity so far this year.
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TD bank employee pleads guilty to helping launder $92m
A central facilitator of a money-laundering gang’s exploitation of TD processed thousands of suspicious bank checks, accepted gift cards, and failed to fill out critical forms.