Business

• The cease and desist order for United Texas Bank was dated August 29, 2024, and was terminated on September 2, 2026.
• The written agreement for Quontic Bank Acquisition Corp. and Quontic Bank Holdings Corp. was dated July 5, 2023, and was terminated on September 2, 2026.

Federal Reserve · Official source · Updated 11d ago

• The political contribution rule has led to significant unintended consequences since its adoption in 2010.
• The Securities and Exchange Commission today issued a proposal to rescind its 'pay-to-play' rule.
• Advisers have indicated that the rule is operationally challenging to implement.

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SEC · Official source · Updated 11d ago

• By February 2026, the total recoverable assets of the funds were estimated to be less than $17 million.
• The total outstanding investments in the two private funds were almost $121 million.
• The SEC charged Mark D. Hanf and Hoai-Nam Chu Phan with orchestrating an offering fraud that raised more than $80 million from approximately 190 mostly retail investors.

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SEC · Official source · Updated 11d ago

• The Commission’s transfer agent rules have not been substantively updated since the late 1970s and early 1980s.
• The Securities and Exchange Commission proposed to update the rules and forms that apply to registered transfer agents.
• Transfer agents perform a more diverse array of functions and services that may not be adequately addressed by the Commission’s transfer agent rules.

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SEC · Official source · Updated 11d ago

• The Securities and Exchange Commission charged Ernest Ossei Boateng and two New Jersey-based companies he controls for allegedly raising approximately $16 million from more than 200 inexperienced investors through a Ponzi scheme.
• Boateng operated the alleged Ponzi scheme from at least January 2020 until at least March 2026.

SEC · Official source · Updated 8d ago

• The goods and services deficit was $88.6 billion in July, up $17.4 billion from $71.2 billion in June.
• Exports were $310.7 billion, a decrease of 2.1%.
• Imports were $399.3 billion, an increase of 2.8%.

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Bureau of Economic Analysis · Official source · Updated 10d ago

• BLS reported the unemployment rate at 4.1%.

Bureau of Labor Statistics · Official source · Updated 10d ago

• The Federal Reserve set the federal funds target range at 4% to 4%.

Federal Reserve · Official source · Updated 2d ago