Bloomberg:
The US SEC and CFTC fine 16 financial firms $1.1B and $710M in penalties, respectively, for failing to monitor employees using unauthorized messaging apps — US regulators reached settlements with a dozen banks in a sprawling probe into how global financial firms failed to monitor employees’ communications …
Jennifer Surane / Bloomberg:
The SEC says 16 Wall Street firms have agreed to pay $1.1B in combined penalties for failing to monitor employees using unauthorized messaging apps — Banking giants including Goldman Sachs Group Inc. and Citigroup Inc. agreed to pay regulators $1.1 billion in penalties for failing …
Financial Times:
Sources: SEC probe into JPMorgan for letting staff use WhatsApp and other unapproved channels for business spreads to other banks, which may pay $1B+ in fines — SEC investigation sparks questions about how banks monitor communications in an era of disappearing messages
Andrew Ackerman / Wall Street Journal:
SEC Chair Gary Gensler signals support for Congress giving the CFTC oversight on bitcoin and ether, as long as the SEC retains its power — Former CFTC chief says he could back giving agency oversight of nonsecurity tokens — WASHINGTON—Securities and Exchange Commission Chairman Gary Gensler signaled …
Billy House / Bloomberg:
In a letter to Mark Zuckerberg, 35 House Republicans request communications between Facebook and the FBI in a probe relating to the NY Post’s Hunter Biden story — House Republicans are demanding that Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg hand over FBI warnings …
Nelson Wang / CoinDesk:
The CFTC has fined the blockchain protocol bZeroX team $250K and filed an action against its successor Ooki Dao for offering illegal off-exchange crypto trading — The commission said bZeroX offered illegal, off-exchange trading of digital assets, and has also filed a civil action against the Ooki Dao.
New York Times:
Interviews and messages show how SBF used PACs, nonprofits, and consulting firms to woo politicians, regulators, and others to support his crypto goals — In just three years, the FTX co-founder built a massive operation to woo politicians, regulators and nonprofits to support his crypto goals.
Please confirm you want to block this member.
You will no longer be able to:
Please note: This action will also remove this member from your connections and send a report to the site admin. Please allow a few minutes for this process to complete.
