Financial Regulation

Canaccord Genuity LLC - Enforcement Action

FinCEN announced an enforcement action against Canaccord Genuity LLC, citing violations of the Bank Secrecy Act. The action resulted in a consent order and a financial penalty. This action serves as a reminder of the importance of robust AML compliance programs for financial institutions.

FDIC FAQ on Capital Treatment of Tokenized Securities

The FDIC, OCC, and Federal Reserve have issued an FAQ addressing the capital treatment of tokenized securities for FDIC-insured financial institutions. The guidance clarifies how ownership rights represented by distributed ledger technology are treated under existing capital rules and confirms the technology-neutral nature of these regulations.

Call Report Instructions for Q4 2025

The FDIC issued updated instructions for the Consolidated Reports of Condition and Income (Call Report) for the fourth quarter of 2025. The notice highlights the implementation of multifactor authentication for the Central Data Repository and provides submission deadlines for the December 31, 2025, report date.

FDIC Amends Guidelines for Appeals of Material Supervisory Determinations

The FDIC is amending its Guidelines for Appeals of Material Supervisory Determinations by replacing the Supervision Appeals Review Committee with a new Office of Supervisory Appeals. This office will serve as the final review level for supervisory determinations and will also expand appeal rights to certain enforcement action cases.

FDIC Final Rule on Signs, Advertising, and Misuse of Name/Logo

The FDIC issued a final rule amending regulations on official signs, advertising, and misuse of the FDIC's name or logo for insured depository institutions. The rule provides additional flexibility for digital signage and ATMs while clarifying consumer protections, with a compliance date of April 1, 2027.

FDIC Extends Comment Period for GENIUS Act Stablecoin Rulemaking

The FDIC has extended the public comment period for its proposed rulemaking concerning the GENIUS Act application procedures for stablecoin issuance. The comment period is now extended to May 18, 2026, providing additional time for FDIC-supervised institutions to submit feedback.

CFTC and SEC Sign MOU for Lawful Innovation

The CFTC and SEC have signed a Memorandum of Understanding (MOU) to enhance coordination and collaboration on lawful innovation, market integrity, and investor protection. The MOU establishes a Joint Harmonization Initiative to clarify definitions, modernize frameworks, and streamline reporting for areas of common regulatory interest, including crypto assets.

CFTC Seeks Comment on Prediction Market Regulations

The Commodity Futures Trading Commission (CFTC) has published an Advanced Notice of Proposed Rulemaking (ANPRM) to solicit public comment on potential new regulations for prediction markets. The ANPRM seeks input on how existing rules apply to event contracts and what types of contracts may be prohibited.

CFTC Announces Marc H. Sielski as Executive Director

The Commodity Futures Trading Commission (CFTC) announced Marc H. Sielski has been named the agency's new executive director. Sielski will oversee administrative operations to support the CFTC's mission and ensure effective stewardship of public resources.

CFTC Senior Advisor Brigitte Weyls Departs

The Commodity Futures Trading Commission (CFTC) announced the departure of Senior Advisor Brigitte Weyls after 17 years of service. Weyls played a role in significant litigation, policy, and rulemaking initiatives, including those related to digital assets and emerging markets.