Labor Dept. Warns Fiduciaries About Offering Crypto in DC Plans
The Employee Benefits Security Administration said 401(k) fiduciaries should use ‘extreme care’ before adding crypto options to a plan.
Regulation
Biden Digital Asset Executive Order Aims to Tame Crypto
White House provides guidelines that seek to harness the positive aspects of crypto while mitigating its abuse.
Crypto Companies Charged in $44 Million Ponzi Scheme
The owners of EmpowerCoin, ECoinPlus and Jet-Coin face charges of wire fraud, money laundering and obstruction of justice, among others.
Idaho Bills Aim to Curb Public ESG Investing
Legislation identifies sustainable investing as being among ‘disfavored state investments.’
SEC Proposes Cybersecurity Rule Changes for Public Firms
The regulator wants companies to better inform investors about their risks from hackers.
Former CIO Charged With Overvaluing Funds by $1 Billion
Infinity Q Capital Management’s James Velissaris allegedly pocketed nearly $27 million in ill-gotten fees
Cryptocurrency Exchange to Pay $100 Million in Fines Over Lending Platform
BlockFi settles charges that it misled investors about the level of risk involved in its interest-bearing accounts.
Founders of Crypto Exchange Plead Guilty to Violating Bank Secrecy Act
Justice Department says BitMEX was essentially a money-laundering platform.
SEC Proposes New Rules for Private Funds, Cybersecurity Risk Management
EisnerAmper’s Louis Bruno says private fund managers will need to adapt to meet the new standards.
Regulators Accuse Investment Firm of Preying on Elderly
The SEC and CFTC allege an LA firm continues to target mostly elderly or retirement-aged victims as part of a precious metals scam.
HeadSpin Avoids SEC Penalty Through Remediation
CEO Manish Lachwani allegedly falsely inflated the software firm’s revenue by $800 million.
SEC Proposes Reporting Changes for Private Equity, Hedge Fund Advisers
The regulator says the amendments would improve systemic risk assessment and bolster oversight.
10-Year Treasury Yield Moves Higher
The benchmark nears 2% amid coming Fed hikes and surging inflation.
SEC Awards More Than $40 Million to Whistleblowers
The regulator handed out some $37 million to two joint tipsters
FINRA Fines Credit Suisse $9 Million for Violating Customer Protection Rule
The regulator accused the firm of failing to maintain control of billions of dollars of margin securities.