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CFTC amends investor safeguard rules
Amendments include permitting certain sovereign debt investments and the replacement of LIBOR with SOFR.
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SEC dings Becton Dickinson $175m for misrepresenting product risks
The company failed to properly inform investors about regulatory challenges it was experiencing with the FDA.
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Nasdaq board diversity rules vacated
In a narrowly-obtained decision, the Fifth Circuit determined that approving the rule exceeded the SEC’s power.
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Kroger-Albertsons merger blocked; Albertsons sues
A federal judge ruled that the merger would undermine competition. In a lawsuit, Albertsons claimed Kroger failed to do its due diligence.
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CFPB orders supervision of Google Payment Corp, Google sues
The agency has moved to scrutinize Google Pay’s books over allegedly deficient fraud responses, but the company has challenged that decision.
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CFPB sues Comerica for alleged mistreatment of federal benefits recipients
The bank is accused of subjecting holders of Direct Express debit cards to excessive wait times and illicit fees.
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CFTC publishes 2024 enforcement results showing $17 billion raised in fines
The agency’s annual report highlights record-breaking penalties driven by actions against Binance and FTX.
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SEC charges Kiromic BioPharma for failing to disclose FDA holds
Two former executives were fined, but the company itself will not receive a civil penalty due to its self-reporting.