Weekly Regulatory Deadlines | November 20 to November 26
Order Granting a Conditional Exemption From Exchange Act Section 11(D)(1) and Exchange Act Rules 10B-10, 15C1-5, 15C1-6, and 14E-5 for Certain Exchange Traded Funds
SEC | Broker-Dealer, Securities | Notice
Can Silicon Valley remake the payday lending industry?
New Statesman 11/25/2019
Like most millennials deep in debt, I don’t spend money on luxuries like cable TV. Instead, my phone is filled with a variety of free streaming apps to cast shows, many of which use ads...
UK Enforcement: Alstom unit fined $21 million for overseas bribes
The FCPA Blog 11/26/2019
The SFO’s decade-long investigation of Paris-based Alstom ended Monday with the sentencing of a UK subsidiary for bribery in Tunisia...
Why small businesses need regulators' proposed 'Madden' fix
American Banker 11/26/2019
Bank regulators are considering a bypass to the 2015 court ruling governing loan sales that would ultimately offer more credit options to entrepreneurs...
U.K. Regulator Cracks Down on Marketing of Riskiest Bonds
The Wall Street Journal: Markets 11/26/2019
The U.K.’s financial regulator banned the marketing of some of the riskiest types of bonds to mom-and-pop investors, after the collapse of a lender earlier this year left thousands of people poised to lose a significant portion of their investments...
New York Man Sentenced in $1.3 million Fraud Scheme
Credit Union Times 11/26/2019
Angel L. Morales, 52, of New York, N.Y, previously admitted that he and nine others who were part of a Rhode Island-based fraud ring stole personal identifying information to open credit union and bank accounts and applied for car loans. Once the loans were obtained, Morales deposited the funds into accounts and quickly withdrew the money before the credit union or bank discovered the fraud, federal prosecutors said...