Kim Kardashian Agrees to Pay SEC $1.26 Million for Touting Crypto
Reality TV star also agreed not to promote digital tokens for three years for failing to disclose promotional payment.
Regulation
SEC, CFTC Fine 11 Financial Firms Nearly $2 Billion for Recordkeeping Failures
The regulators say the violations impeded their ability to conduct investigations.
US DOL Extends Comment Period for QPAM Exemption Proposal
Regulator also schedules a hearing for November 17, deadline for requests to testify is October 11.
SEC, CFTC Propose Reporting Changes to Keep Up With Private Fund Industry
Regulators cite rapid growth and the increased complexity of the private fund industry for need to amend confidential filing rules.
SEC Adopts Amendments to Proxy Voting Advice Rules
SEC leaders say the final amendments aim to avoid burdens on proxy voting businesses that may impair the timeliness and independence of their advice.
CFTC Charges South African Firm and CEO With $1.7 Billion Bitcoin Fraud
Regulator says it is the largest fraudulent scheme involving the cryptocurrency in any CFTC case.
PBGC Finalizes Rescue of Ailing Multiemployer Pension Plans
The aid, which has been operating on an interim basis, has already protected nearly 130,000 individuals’ pension benefits across some 560 businesses.
SEC Adopts New E- Filing Rules
Changes aim to modernize regulator’s records management process and make filings more accessible to the public.
NFT Marketplace Worker Charged With Wire Fraud and Money Laundering
Nathaniel Chastain was arrested for what the Justice Department calls the ‘first ever digital asset insider trading scheme.’
PBGC Soon to Release New Final Rule on Special Financial Assistance for Multiemployer Plans
Public commenters expressed concerns over investment restrictions, discount rate calculations.
Baltimore Firm Ordered to Restore Missing 401(k) Funds
Following a Labor Department probe, Bicallis LLC must pay more than $150,000 to its retirement plan and has been replaced as fiduciary.
New York AG Sues Albany Diocese Over Pension ‘Mismanagement’
Lawsuit seeks to restore lost benefits for more than 1,100 former St. Clare’s Hospital workers.
Court Rejects Legal Challenge to Illinois Pension Consolidation
Judge rules that voting for pension board members is not considered a 'benefit' under the state’s constitution.
UK Regulator Launches Pension Spot Check Inspections
The Pensions Regulator has also published for consultation a new enforcement and prosecution policy.
Legislators and Council of Institutional Investors Voice Support for SEC Cybersecurity Proposal
One commenter cautions that public reporting could unintentionally give criminals access to sensitive information.