Regulation Archives - Compliancex

Goldman Sachs CEO: ‘Big Evolution’ Is Coming to Bitcoin Regulation

admin Bitcoin, Goldman Sachs, Regulation April 7, 2021

Goldman Sachs CEO David Solomon has said that he thinks the Bitcoin and digital currency world will soon experience a “big evolution,” particularly regarding regulations in the United States. The head of one of the world’s biggest banks made the comments today during an interview with ...Read More

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Pressure mounts on financial regulators to address Archegos debacle

Jack J. Kelly Derivatives, Hedge Funds, Regulation, Regulators March 31, 2021

Regulators in DC are starting to feel the pressure to address the fallout from Archegos Capital, the faltering family firm that could inflict up to $10 billion in losses on some of the world’s largest banks. “We need transparency and strong oversight to ensure ...Read More

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‘A cop on the beat again’: Biden looks to reassert consumer watchdog agency sidelined by Trump

admin CFPB, Consumer Financial Protection Bureau, Regulation, Watchdog March 23, 2021

The Biden administration is working to reassert the government’s top consumer watchdog, which was sidelined by President Donald Trump, just as the U.S. economy is showing signs of revving up. The Consumer Financial Protection Bureau, or CFPB, hollowed out and politicized under Trump after his ...Read More

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Robinhood Expects To Pay $26.6 Million FINRA Fine

Jack J. Kelly FINRA, Regulation, Robinhood March 1, 2021

In brief Robinhood is dealing with multiple regulatory probes and expecting to pay a financial regulator a minimum of $26.6 million in a potential settlement. It’s not all gloom and doom for the company, which is preparing to go public—Robinhood is valued at $20 ...Read More

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Criminal Wire Fraud Charges Are Coming to Securities and Cryptocurrency Markets Near You

admin Cryptocurrency, Fraud, Regulation, Regulators February 19, 2021

With Gary Gensler, the former Commodity Futures Trading Commission chairman who oversaw the first wave of spoofing investigations, tapped to lead the SEC, Kobre & Kim LLP attorneys say they expect the DOJ to work closely with the SEC using criminal wire fraud charges ...Read More

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Senator Elizabeth Warren Told The Securities and Exchange Commission To Look Into Possible Corporate Executives Engaged In Insider Trading

Jack J. Kelly Insider Trading, Regulation, Regulators, SEC, Trading February 15, 2021

By Jack Kelly Democratic Senator Elizabeth Warren is concerned over how some corporations may game the system to enrich their executives. Warren sent a letter to the Securities & Exchange Commission asking for the regulatory agency to review the manner in which ...Read More

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The Securities and Exchange Commission Is Empowering Their Enforcement Staff To Take Immediate Swift Actions To Combat Emerging Potential Problems

Jack J. Kelly Biden, Regulation, Regulators, SEC February 15, 2021

By Jack Kelly Former President Trump isn’t a fan of regulations.* During his campaign for the Presidency in 2016, Trump was clear in promising a clampdown on regulations, saying for every one newly proposed rule two regulations would have to be ripped-up. He believed ...Read More

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The Consumer Financial Protection Bureau Is A Regulator On A Mission To Hold Wall Street And Banks Accountable—And They’re Aggressively Hiring

Jack J. Kelly Banks, CFPB, Regulation, Wall Street February 10, 2021

The Consumer Financial Protection Bureau (CFPB) is a relatively new regulatory agency that was created in the wake of the financial crisis. This was the brainchild of Senator Elizabeth Warren. She felt that the banks, credit card companies, mortgage brokers and other financial institutions ...Read More

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Tesla buying $1.5 billion in bitcoin opens the company up to further scrutiny

Jack J. Kelly Bitcoin, Regulation February 9, 2021

Elon Musk just spent $1.5 billion of Tesla’s precious $19 billion-plus in cash on bitcoin, and in the process may have it made it more difficult for investors to properly assess the company’s fair market value. “In January 2021, we updated our investment policy ...Read More

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Biden’s pick for top bank regulator reignites tensions between progressives, moderates

Jack J. Kelly Biden, Regulation February 9, 2021

Well before Joe Biden took the oath of office to become President of the United States last week—well before he even won the presidency, in fact—questions have been raised within the Democratic Party over what ideological direction his administration would take. Would this longtime ...Read More

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