Topic: SEC (USA)

FTX failure bolsters “same risk, same regulation” argument, UK regulator says

The Bank of England’s deputy governor for financial stability Jon Cunliffe has spoken out about how the collapse of crypto exchange FTX will impact the UK’s plans for crypto regulation – while giving details on the central bank’s plans for a systemic payment systems regulatory regime and a digital pound.

22 November 2022

Barclays’ control deficiencies over securities blunder were “simply staggering”, says SEC

The US Securities and Exchange Commission (SEC) has issued a warning to other banks employing similar shelf registration practices to Barclays, after it reached a US$361 million settlement with the UK bank over its recent securities over-issuance.

03 October 2022

Barclays faces class action over excess securities sale

Barclays is facing a class action lawsuit over its recent sale of around US$17.64 billion of unregistered securities, as the bank’s talks with the US Securities and Exchange Commission over the blunder continue.

28 September 2022

A “first step” in US-China audit inspections

The United States’ accounting overseer will be able to inspect firms based in mainland China and Hong Kong, following an agreement with China’s securities regulator – but US officials have cautioned it’s still too early to say whether the deal will hold up.

31 August 2022

SEC finalises revived executive pay plan

The United States’ securities regulator has finalised new rules requiring institutions to disclose detailed information on the compensation of their executives.

30 August 2022

SEC rolls out “prescriptive” clearing agency governance standards

The SEC has revised its rules on clearinghouse governance structure to mitigate conflict of interests, over objections from its Republican commissioners that the reforms are too “prescriptive”.

11 August 2022

A relentless rush of radical rulemakings? SEC’s Peirce critiques new SEC regulatory agenda

The US Securities & Exchange Commission has rolled out a “crammed” agenda for the next six months, but a frequent dissenting commissioner has said the regulator is straying from its core mission in favour of “shiny objects”.

27 June 2022

SEC’s administrative proceedings unconstitutional, appeals court rules

A US appeals court has found the SEC’s in-house administrative adjudication system lacks proper constitutional grounds – a ruling which practitioners say could “significantly limit” the regulator's enforcement activities.

23 May 2022

SEC nearly doubles crypto enforcement unit

The US securities regulator is set to turn its cyber unit into a newly reinforced crypto and cyber unit, as the CFTC, CFPB, OCC and FDIC all make overtures to regulating the space.

05 May 2022

Gensler calls on FINRA to improve market transparency

The US Securities and Exchange Commission chair Gary Gensler has called on the country’s financial industry self-regulation body to enhance bond market transparency by shortening trade report times and publicising Treasury transactions.

29 April 2022

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