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Paid securities lending program shortcomings lead to fine for clearing firm Apex
First FINRA enforcement action related to the rules governing the permissible use of customers’ securities results in censure and $3.2m fine.
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SEC and CFTC whistleblower awards down in 2024
The authorities awarded whistleblowers close to $300m less in 2024 compared to 2023.
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ASIC roundup: Insurers on notice for complaints handling failures, adviser banned
The Australian Securities & Investments Commission’s latest actions and news, December 2 – 6, 2024.
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UK parliamentary group calls the FCA ‘dishonest and incompetent’
The report is based on evidence and testimonies shared by individuals who have had direct dealings with the UK regulator.
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ASIC’s new enforcement priorities focus on cost-of-living pressures
Australian regulator’s enforcement priorities include focus on businesses trying to avoid consumer credit protections, and debt management.
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ASIC roundup: Unconscionable conduct, and the need for AI governance
The Australian Securities & Investments Commission’s latest actions and news, October 28 – November 1, 2024.
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New ASIC report showcases increased investigations and civil proceedings
The Commission started more investigations, yet criticism still present as total fines and civil penalties decreased substantially.
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TracFone to pay $16m to settle investigation of data protection failures
The Verizon owned company failed to keep customer data safe during three breaches.