This week brought a sharp reminder that regulators remain focused on market integrity, supervision, and structural change.

• The SEC filed sweeping insider trading charges tied to alleged misuse of confidential deal information
• The CFTC imposed penalties in a spoofing case involving Treasury futures
• FINRA also reportedly opened an investigation into whether junior banking staff in Budapest worked on regulated matters without proper licensing or supervision
• SEC Chairman Paul Atkins signaled continued interest in reviving the IPO market
• ESMA urged firms to keep advancing MiFID II sustainability compliance as the broader framework evolves

Taken together, the week’s developments reflect a regulatory environment that remains active on both enforcement and reform. Read the full update from FiSolve here.

This week brought a busy mix of enforcement, policy, and market-structure developments across the financial services landscape:

• The CFTC sued Wisconsin as part of its broader effort to defend federal authority over prediction markets and separately brought an insider trading case tied to Nicolás Maduro-related event contracts
• SEC Chairman Paul Atkins outlined the agency’s “ACT” strategy to advance, clarify, and transform the SEC’s regulatory framework
• FINRA sanctioned a broker-dealer for Regulation Best Interest failures and late private placement filings
• The OCC moved to clarify national bank fee authority and assert federal preemption over Illinois’ interchange fee law
• ESMA launched a call for evidence on the structure of European equity markets
• PwC’s latest financial wellness survey highlighted employee financial stress as an increasingly visible business and workforce risk

Read the full update from FiSolve here.