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SEC v. Madison Capital Funding LLC - Investment Adviser Sanctions

The SEC instituted administrative and cease-and-desist proceedings against Madison Capital Funding LLC, an investment adviser. The firm allegedly failed to determine fair market value for trades with pooled investment vehicles it advised during a period of market disruption.

SEC Bars Ejiro Ode Okuma for Fraud and Misappropriation

The SEC has barred Ejiro Ode Okuma from associating with any regulated entity following findings of fraud and misappropriation of over $9 million from a client. A final judgment was entered against Okuma, permanently enjoining him from future violations of securities laws.

FCA and Independent Football Regulator Sign Memorandum of Understanding

The Financial Conduct Authority (FCA) and the Independent Football Regulator (IFR) have signed a Memorandum of Understanding (MoU). This agreement outlines how the two organizations will collaborate to ensure effective regulation where football and financial services intersect.

FCA Launches New Regulatory Priorities Reports

The FCA has launched new Regulatory Priorities reports, starting with the insurance sector, to replace over 40 previous portfolio letters. These new reports aim to streamline communication and provide clearer, higher-level guidance for regulated firms.

FCA Proposes Action to Close Credit File Gaps for Borrowers

The FCA is consulting on proposals to require lenders to share credit information with all designated consumer credit reference agencies (CRAs). This aims to close gaps in consumers' credit files and ensure they more accurately reflect financial circumstances. The consultation closes on May 1, 2026.

FCA Stablecoin Regulatory Sandbox Testing

The FCA has selected four firms to participate in its regulatory sandbox to test stablecoin innovation. This initiative aims to gather real-world data to inform the development of future UK stablecoin regulations, with findings expected to shape final rules later in 2026.

Payments Forward Plan Published by Committee

The Payments Vision Delivery Committee, comprising HM Treasury, Bank of England, FCA, and PSR, has published the Payments Forward Plan. This plan outlines upcoming initiatives in retail and wholesale payments, including digital assets, to foster innovation and economic growth.

ESMA Consultation: Regulatory Standards for Post-Trade Risk Reduction Services

The European Securities and Markets Authority (ESMA) has issued a consultation paper on proposed regulatory technical standards (RTS) for post-trade risk reduction services. This consultation seeks feedback on requirements for services that aim to reduce risk for the purpose of clearing obligation exemptions under EMIR.

FINRA proposes rule change for overnight transaction reporting exception

FINRA has filed a proposed rule change with the SEC to amend rules governing transaction reporting. The proposal seeks to provide a limited, temporary exception for reporting specified overnight transactions before 8:00 a.m. Eastern Time.

SEC Obtains Final Judgments Against Mining Company and Executives

The SEC announced final judgments by consent against Western Sierra Resource Corporation and its executives Roger Johnson and Dennis Atkins. The company and executives were charged with issuing false and misleading statements regarding the acquisition of gold mining claims. Johnson and Atkins each agreed to pay a $150,000 civil penalty, a three-year officer-and-director bar, and a five-year penny-stock bar.