Regulation News
Financial regulation news from the SEC, FINRA, and government agencies. Track policy changes, enforcement actions, and compliance updates affecting markets.
China Shuts Down Unauthorized Cross-Border Stock Trading Platforms
China's securities regulator has ordered Tiger Brokers, Futu Securities, and Longbridge Securities to wind down unauthorized cross-border trading for mainland clients, citing illegal operations. Shares of Futu and UP Fintech plunged over 30% in U.S. premarket trading.
Connecticut Car-Accident Claims Grow More Complex as Medical Costs and Evidence Disputes Rise
Mancini Law says Connecticut car-accident claims are growing more complex as medical treatment, recovery times, and insurance disputes lengthen settlements. State data show traffic deaths fell in 2025, but bicycle and pedestrian fatalities rose.
Alphabet Stock Holds Steady as AI Push Meets Regulatory Headwinds
Alphabet shares edged lower as Google rolled out new AI tools at its I/O conference and faced a European complaint over scam ads. The stock is in a holding pattern as investors weigh AI spending against growth.
HMRC Data Glitch May Reduce UK Workers' Paychecks
HMRC's use of faulty savings-interest data has led to incorrect tax code changes, potentially reducing take-home pay for UK savers. Zopa reports hundreds of customers affected.
Morgan Stanley Enforces China-Only Devices for Hong Kong Staff Amid Data Concerns
Morgan Stanley mandates Hong Kong-based bankers to use separate, restricted devices for mainland China trips, affecting over 300 staff. The move reflects growing data security concerns.
ImmunityBio's Anktiva Expansion Faces FDA Scrutiny with 2027 Decision Date
ImmunityBio's supplemental BLA for Anktiva in papillary-only bladder cancer has been accepted by the FDA, with a decision expected by Jan. 6, 2027. The company's stock traded at $7.76, down 2.8%.
Houston Grid Woes Continue as CenterPoint Investigates Bear Creek Outages
Bear Creek residents in Houston report ongoing power outages and surges damaging appliances and medication, prompting CenterPoint Energy to investigate as hurricane season nears.
Bank of America Settles Double-Fee ATM Claims for $2.25M
Bank of America will pay $2.25 million to settle claims it charged customers double out-of-network balance-inquiry fees at 7-Eleven ATMs. Claim deadline is June 29.
EchoStar Shares Rise After FCC Greenlights Major Spectrum Deal
EchoStar shares rose 7.9% last week, closing at $137.23 after the FCC approved $40B in spectrum sales to SpaceX and AT&T, though a $2.4B escrow requirement and debt concerns linger.
American Eagle Jet Evacuated at Kansas City After Cabin Odor
American Eagle Flight 5318 evacuated at Kansas City after cabin odor; no injuries. FAA investigates amid renewed safety focus.
Bank of America $2.25M 7-Eleven ATM Fee Settlement: Claim Deadline June 29
Bank of America settles claims of duplicate ATM fees at 7-Eleven for $2.25 million. Former clients have until June 29 to file claims.
Palantir Faces Shareholder Vote on Human Rights Amid Ukraine AI Deployments
Palantir Technologies faces shareholder proposals for a human rights review and expanded defense disclosure as its AI tools are used in Ukraine. The vote is set for June 3.