Covering six key priorities related to digital assets. While this does not constitute a change in policy, it does highlight the administration’s desire to encourage both regulation and innovation in this space.
On March 17, 2022, FINRA issued Regulatory Notice 22-10 clarifying the scope of potential liability for CCOs related to supervision lapses. Specifically, unless a CCO is actually designated, directly or indirectly, with supervisory responsibilities, within the meaning of the relevant rule, supervision failures or deficiencies will not result in a FINRA enforcement action against a CCO.
The SEC’s order found that Blotics violated the anti-touting provisions of the federal securities laws by failing to disclose the compensation it received from issuers of the digital asset securities it profiled.
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A look into SEC Enforcement, which will create a special team to look for COVID-19 misconduct.
US regulators propose easing market restrictions for small US banks.