Banks Sue CFPB Over Card Fee Cap
Opponents accused the bureau of exceeding its authority, and ignoring Congress' intent that fees be high enough to deter late payments.
Why Biden’s Brags on the Economy Aren’t Working
Biden has done many of the things voters sent him to Washington to do, yet his approval ratings are among the worst of any president seeking a second
SEC Defers Decision on Spot Bitcoin ETF Options Trading
(Bloomberg) -- The US Securities and Exchange Commission has extended the timeline for which it will make decision on approving the trading of options on exchange-traded funds that invest directly in Bitcoin.
The US securities regulator deferred on a filing from Cboe Exchange Inc. to offer options tied to ETFs holding Bitcoin, according to documents posted on the agency’s website Wednesday. The SEC also delayed a decision on a filing from Nasdaq ISE to list and trade options on BlackRock’s iShares Bitcoin Trust.
SEC Charges Connecticut-Based Investment Adviser 3D/L Capital Management, LLC, with Failing to Fully and Fairly Disclose Conflicts of Interest, Orders It to Pay Harmed Clients
The Securities and Exchange Commission has settled charges against Hartford, Connecticut-based registered investment adviser 3D/L Capital Management, LLC for failing to fully and fairly disclose material facts and conflicts relating to its agreements with an investment manager for certain exchange traded funds (the “ETF Manager”). The SEC also charged 3D/L with failing to implement disclosure-related policies and procedures.
Birdthistle Defends SEC's Regulatory Framework
William Birdthistle, soon-departing Director of the SEC’s Division of Investment Management, robustly defended the Commission's regulatory framework.