FiSolve‘s July 11 weekly financial and regulatory news updates:

• SEC Brings Action Against Investment Adviser and its CEO for Charging Improper Fees
• SEC Charges Investment Adviser with Cherry Picking
• Federal Court Orders Chicago Commodity Pool Operators, Owner, Former Chief Portfolio Manager to Pay More Than $6M in Fraud Action
• Commissioner Peirce Reminds Industry Tokenization Does Not Create a Magic Loophole 
• ESMA Publishes Peer Review on Crypto Service Providers in Malta under the MICA

Read the full update here.

From our friends at FiSolve, this week’s financial and regulatory news:

• SEC Division of Corporation Issues Statement on Crypto Asset Exchange-Traded Products
• SEC Chairman Discusses Innovation and Priorities in CNBC Interview
• FINRA Announces Proposed Amendments to Rule 2210 (Communications with the Public)
• CFTC Issues FAQs on Future Commission Merchant Registration Requirements
• Private Equity Deal Activity Remains Positive
• ESMA Publishes Note on Sustainability-Related Claims

Read the full update here.

At its June 2025 plenary meeting, the Financial Action Task Force (FATF) updated its global watchlists for jurisdictions with deficiencies in anti-money laundering, terrorist financing, and weapons proliferation controls.  The British Virgin Islands and Bolivia were added to the list of “Jurisdictions Under Increased Monitoring,” while Croatia, Mali, and Tanzania were removed. Iran, North Korea, and Burma remain classified as “High-Risk Jurisdictions Subject to a Call for Action,” with Iran and North Korea facing countermeasures and Burma subject to enhanced due diligence.  FinCEN advises U.S. financial institutions to review these changes when assessing risk and to ensure compliance with U.S. AML regulations, especially regarding correspondent accounts with foreign financial institutions and obligations under U.S. sanctions and the Bank Secrecy Act.  Institutions must not engage in indiscriminate de-risking but are expected to apply risk-based controls and file Suspicious Activity Reports when warranted.  Read more here.

From our friends at FiSolve, this week’s financial and regulatory news:

• Investment Adviser Consents to SEC Order for Custody Rule and Disclosure Violations
• Federal Court Orders Two Men and their Companies to Pay Over $25 Million for Digital Asset Fraud
• SEC Brings Action Against Publisher of Newsletter
• FCA Secures Convictions for Insider Dealing and Money Laundering 
• The European Securities and Markets Authority (ESMA) published its Annual Report for 2024

Read the full update here.