Misconduct

The Federal Trade Commission has warned four of the largest payment processors against denying customers access to financial services because of their political or religious views.

The collapse of British property lender Market Financial Solutions (MFS) is exposing what Bloomberg described as an alleged collateral fraud that may leave lenders facing as much as £1.3 billion in losses and is raising new concerns about due diligence in private credit. 

Two U.S. senators are set to introduce bipartisan legislation that would prohibit Commodity Futures Trading Commission-regulated prediction-market platforms from offering contracts tied to sporting events.

Margaret Ryan, the former head of enforcement at the U.S. Securities and Exchange Commission (SEC), resigned last week after clashing with agency leaders over the direction of the watchdog’s oversight, including cases tied to President Donald Trump, his family, and his administration.

Chelsea FC were fined £10.75 million and handed a suspended transfer ban by the Premier League over undisclosed payments made during Roman Abramovich’s ownership, in a case that drew renewed attention to offshore money flows and hidden financial arrangements in football.

The World Bank has barred PricewaterhouseCoopers network affiliates in Mauritius, Kenya, and Rwanda from providing professional services on bank-financed projects for 21 months after finding they engaged in collusive and fraudulent practices tied to an East African power project.

Elon Musk’s lawyers sought to negotiate a settlement of the SEC’s case over his delayed disclosure of a Twitter stake without fully involving the agency’s litigation team, an unusual approach that surfaced in federal court earlier this month.

The U.S. Securities and Exchange Commission (SEC) said on Monday that Judge Margaret Ryan has stepped down as director of its Division of Enforcement after little more than six months on the job. 

A former Royal Bank of Scotland manager has admitted taking more than £600,000 in bribes in exchange for favorable treatment of business customers trapped inside the bank’s discredited Global Restructuring Group (GRG).

Hong Kong authorities have arrested eight people in their biggest coordinated market misconduct raids since 2017, as regulators investigate an alleged HK$315 million ($40 million) insider dealing and corruption scheme involving two major brokerages and a hedge fund manager.