J.P. Morgan Agrees to Pay $200M to Settle CFTC Charges of Supervisory Failure
The regulator said the magnitude of data gaps in the firm’s surveillance was so large that it missed billions of orders.
Regulation
UFCW Regional Plan Receives $54.6M Grant From PBGC
The grant will keep the plan solvent through 2051.
Intercontinental Exchange Fined $10M for Failing to Inform SEC of Cyber Intrusion
The NYSE’s parent company allegedly waited four days before telling nine subsidiaries of the 2021 network breach.
Crypto Regulation Bill Passes House
The bill aims to divide digital asset oversight between CFTC and SEC.
SEC to Start T+1 Settlement Next Week
Securities transactions will have to settled by the following business day.
SEC Finalizes Reg S-P Data Security Rule
Covered parties must inform customers of a data breach within 30 days.
What do New China Tariffs Mean for U.S. Industries?
Biden’s new tariffs are unlikely to seriously disturb global markets, sources say.
Ann Orr: New PBGC Acting Director
Orr takes over on an acting basis after Hartogensis’ term expired.
Congress Should Incentivize Pension Plan Creation, NIRS Report Says
The report provides 6 recommendations on how Congress can increase DB plan creation.
Financial Services Committee Targets SEC Enforcement Activity
Pending legislation would limit the authority of the SEC’s administrative courts and redefine 'violation' in the securities laws.
How Much Will Complying With Emissions Standards Hurt Commercial Real Estate?
Not much to begin with, but costs will mount, research firm Green Street advises
South Carolina Bill Seeks to Shield Agriculture Firms From ESG Requirements
The Farmers Protection Act is the latest pushback by Republicans to prevent financial firms from applying environmental, social, and governance standards.
DOL Budget Notes PBGC Insurance Surpluses, Requests More Administrative Funding
The budget proposal also asks for additional funding implementation of SECURE 2.0 provisions.
Supreme Court Rules Investors Cannot Sue for Omissions in Disclosures
The ruling still permits the SEC to take enforcement actions.
PBGC Issues SFA Grants to Two Multiemployer Plans
The two plans were in the transport and food service industries.