Catherine Ollinger
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SEC proposal offers clarity regarding Exchange Act Rule 15c2-11
The amendment would swap out the term “security” currently included in the rule and replace it with “equity security.”
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NYSE to pay $9m SEC civil money penalty over opening auctions failure
Critical systems failure involved thousands of securities being transitioned into continuous trading without opening auctions having been conducted.
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DOJ and USPS make first whistleblower payout, awarding $1m in car auction fraud
Used vehicle platform EBLOCK allegedly failed to immediately take action against illegal activity including shill bids and elimination of competition at an acquired company.
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FINTRAC fines Global Currency Exchange over C$70k
The latest in the Canadian financial regulator’s string of AML/CFT enforcement actions.
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CFTC, state regulators secure $51m in California metals fraud case
The scheme targeted elderly victims by convincing them to purchase significantly marked-up silver coins with their retirement savings.
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SEC fines Wisconsin investment fund managers over $27m
A jury verdict found the two managers and their associated businesses liable for securities fraud.
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Canada Minister of Foreign Affairs announces more Russia sanctions under SEMA
Additions include 13 individuals, 11 entities, and 100 vessels from Russia’s shadow fleet.
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Fed Board finalizes LFI framework revision, broadens “well managed” status
Final notice aligns with proposed revisions aiming to better represent a bank’s strength and resilience.