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FCA work in review October 1-9, 2024
Our at-a-glance guide to recent FCA activity.
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Activist investor Macellum Advisors hit with $75k penalty for failing to disclose third-party payments
The firm was accused by the SEC of failing to disclose potential conflicts of interest resulting from the fees it received from outside investors.
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FCA takes Bluecrest redress scheme case back to court after tribunal rebuke
Regulator argues judges made errors in deciding to block its plans.
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ASIC roundup: American Express to pay A$8m penalty, and multiple bannings
The Australian Securities & Investments Commission’s latest actions and news, July 15 – 19, 2024.
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Gensler speaks about AI and the risk of AI-washing, conflicts, deception
Publicly traded companies that misleadingly promote their use of AI risk engaging in “AI-washing” and running foul of US securities law, said SEC Chair Gary Gensler.
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Top tips for employers dealing with workplace relationships
How to create a positive and inclusive culture while navigating the risks associated with workplace relationships.
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SEC seeks information from IAs about their use of AI tools
The SEC’s examinations division sent requests for information on AI-related topics to some investment advisers.
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SIFMA: NASAA’s proposed revisions to its BD model rule conflict with Reg BI
SIFMA submits a sternly worded comment letter to NASAA on its proposed revisions to its model rule related to broker-dealer business conduct.