Regulatory Updates
SEC Approves Updated PCAOB Audit Standards: Addresses Auditor Responsibilities, Contributory Liability Rule and Technology Use
On 20 August, 2024, the Securities and Exchange Commission (SEC) announced the approval of updates to the Public Company Accounting Oversight Board...
SEC Issues 2025 Fee Adjustment Order: Impact Looms for Traditional and Crypto Securities Alike
On 20 August, 2024, the U.S. Securities and Exchange Commission (SEC) issued a crucial order adjusting the registration fee rates for fiscal year...
CFTC Orders Houston-Based Firm and Managing Member to Pay Over $520,000 for Forex Fraud Violations
On 20 August, 2024, in a decisive move against financial fraud, the Commodity Futures Trading Commission (CFTC) announced that it has issued an...
MAS Reaffirms Commitment to Safeguarding Customer Data Amid Growing Concerns
On 19 August 2024, in response to public concerns regarding the protection of national data by financial institutions (FIs), the Monetary Authority...
MAS Issues Nine-Year Prohibition Order Against Former OCBC Bank Representative, Mr. Hoi Wei Kit
On 19 August 2024, in a decisive move to uphold the integrity of Singapore's financial advisory sector, the Monetary Authority of Singapore (MAS)...
MAS Issues 1-Year Prohibition Order Against Former HSBC Representative Mr. Aw Jun Ray Reko Corinthians
On 19 August 2024, the Monetary Authority of Singapore (MAS) today announced the issuance of a one-year prohibition order (PO) against Mr. Aw Jun...
Google Faces $5 Million Lawsuit Over Malicious Crypto Wallet App on Play Store
On 15 August, 2024, Google has come under legal fire as it faces a $5 million lawsuit filed by Maria Vaca, who alleges that a fraudulent crypto...
IMF Advocates for Higher Energy Taxes on Crypto Miners and Data Centers to Curb Carbon Emissions
On 15 August, 2024, the International Monetary Fund (IMF) published a blog proposing significant increases in energy taxes aimed at crypto miners...
Goldman Sachs Embraces Bitcoin ETFs Despite Previous Scepticism; Hedge Funds Bullish on Crypto Miners
On 15 August, 2024, Goldman Sachs made headlines by disclosing significant investments in Bitcoin exchange-traded funds (ETFs) in its quarterly 13F...
SEC Charges 26 Financial Firms $392 Million for Widespread Recordkeeping Failures
On 14 August, 2024, the Securities and Exchange Commission (SEC) announced a landmark enforcement action against 26 broker-dealers, investment...
Nasdaq ISE Withdraws Proposals to Trade Bitcoin and Ether Trust Options Following Extensive SEC Deliberations
On 14 August, 2024, the Securities and Exchange Commission (SEC) Chairman Gary Gensler released a statement highlighting the growing influence of...
CFTC Orders Major Penalties for Recordkeeping, Supervision, and Communication Failures at Truist Bank, TD Bank, and Cowen
On 14 August, 2024, the Commodity Futures Trading Commission (CFTC) levied significant penalties on three prominent financial institutions—Truist...