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ESMA Report on Costs and Performance of EU Retail Investment Products

The European Securities and Markets Authority (ESMA) has released its 2025 market report on the costs and performance of EU retail investment products. The report indicates a general decline in ongoing costs, primarily driven by new investment funds entering the market.

CT Dept of Banking Administrative Orders Added

The Connecticut Department of Banking has added new administrative orders for CapexMD, LLC, dated February 26, and for Jason A. Goodhue, dated February 20. These orders represent enforcement actions taken by the department.

CPG Management Co. LLC and Christopher Scott Reid - Consent Order

The Washington State Department of Financial Institutions issued a consent order against CPG Management Co. LLC and Christopher Scott Reid for alleged violations of the Securities Act of Washington. The order settles alleged misconduct related to investment advisory services and private investment funds.

CSA Disarms Over 7,500 Fake Investment and Crypto Scam Websites

The Canadian Securities Administrators (CSA) announced the deactivation of over 7,586 fake investment and crypto scam websites targeting Canadians between June 2025 and February 2026. This initiative highlights the CSA's ongoing efforts to combat online investment fraud using regulatory and technological tools.

Luminate Home Loans Fined $100k, Surrenders License

The Washington State Department of Financial Institutions has issued a consent order against Luminate Home Loans, Inc., requiring a $100,000 fine and the surrender of its consumer loan license. The company is prohibited from participating in Washington's mortgage broker or consumer loan industry until February 20, 2031.

Jason Goodhue Fined for Securities Law Violations

The Connecticut Department of Banking has issued a final order fining Jason A. Goodhue $100,000 for violating state securities laws. Goodhue engaged in dishonest or unethical practices and exercised discretionary power in customer accounts without written authorization.

FINRA Seeks Comment on Modernizing Arbitration Rules

FINRA has issued a request for comment on modernizing its arbitration rules, guidance, and processes. The notice seeks input from interested parties to help shape future revisions aimed at improving fairness, efficiency, and transparency in the arbitration forum.

SEC Fines North East Asset Management $251,640.83 for Cherry-Picking

The SEC has fined North East Asset Management Group, Inc. and its principal, Gregory A. Zandlo, a total of $251,640.83 for engaging in cherry-picking. The funds will be used to create a Fair Fund for distribution to harmed investors.

SEC Fines Elanco Animal Health $15M for Misleading Revenue Disclosures

The SEC has fined Elanco Animal Health Inc. $15 million for misleading investors about its revenue growth between Q1 2019 and Q1 2020. The company used quarter-end incentives to meet internal targets without disclosing them, rendering public statements about revenue growth materially misleading. A Fair Fund has been established to distribute the penalty to harmed investors.

FCA Opens Authorisation Gateway for Targeted Financial Support

The FCA has opened its authorisation gateway for firms seeking permission to provide targeted financial support, a new service set to launch on 6 April 2026. This initiative aims to help millions of consumers navigate financial decisions regarding pensions and investments by filling a gap between generic guidance and individual advice.