FiSolve Weekly News Digest: June 12, 2026

Here is what we are reading in the news this week...

SEC Division of Examinations Issues Risk Alerts Regarding IA Economic Conflicts of Interest

The SEC’s Division of Examinations issued a Risk Alert reminding investment advisers (IAs) that, as fiduciaries, IAs must either eliminate conflicts of interest or provide full and fair disclosure sufficient for clients to provide informed consent. This continues to be a clear priority in the examination program—and consistent with what we are seeing in practice. Read more here.

OCC Proposes Reporting Framework for Payment Stablecoin Issuers Under GENIUS Act

The Office of the Comptroller of the Currency (OCC) released a bulletin proposing a new reporting requirement (a/k/a information collection) to support its implementation of the GENIUS Act, under which permitted payment stablecoin issuers and certain foreign issuers subject to OCC oversight would be required to submit standardized reports to the agency. Specifically, the proposal introduces two reporting obligations: a weekly confidential report for each payment stablecoin issued and a separate quarterly report on overall operations, designed to give regulators consistent, timely visibility into issuer activities and financial condition. The requirements would apply only to entities within OCC jurisdiction, representing a key step in operationalizing supervisory oversight of stablecoin markets. The OCC is seeking public comment on these reporting forms for 60 days. Read more here.

HR at a Turning Point: Leading AI-Driven

Workforce Transformation

McKinsey’s HR Monitor 2026 finds that HR is at a “turning point,” shifting from a support function focused on efficiency to a strategic architect of enterprise transformation as AI reshapes work, skills, and organizational structures. Based on a survey of ~1,300 HR leaders and 5,500 employees, the report highlights four major pressures: (1) the need for systematic workforce planning in a human–AI environment, (2) improving hiring effectiveness as labor markets stabilize, (3) accelerating reskilling and capability development as roles evolve rapidly, and (4) addressing a more cautious, retention-sensitive workforce with persistent gaps between employee expectations and HR perceptions. HR is expected to play a dual role, both redesigning the workforce and modeling AI adoption within its own function, while upgrading its operating model to deliver measurable business impact. Read more here.

SEC Sanctions IA Firm for

Undisclosed Conflicts and Compliance Failures

In furtherance of the Risk Alert referenced at the top of this news digest, the SEC instituted and settled administrative proceedings against an investment advisory firm for breaching its fiduciary duties by failing to adequately disclose multiple conflicts of interest tied to investment products it recommended to clients over several years. The conflicts included financial incentives and business relationships that created biases in recommending certain exchange-traded funds, as well as undisclosed personal trading activities connected to those recommendations. The SEC also found that the firm failed to properly implement and enforce its compliance policies, including requirements for disclosing conflicts, reviewing compliance programs, and pre-clearing employee trades. Without admitting or denying the findings, the respondent agreed to a cease-and-desist order, censure, and significant monetary remedies, including disgorgement, interest, and civil penalties. Read more here.

CFTC Seeks Public Comment on Proposed Rulemaking Concerning Event Contracts Involving Enumerated Activities

The Commodity Futures Trading Commission issued proposed rulemaking that would amend Regulation 40.11 and add a new Appendix F, which is designed to establish a clear, structured framework for reviewing “event contracts” (such as prediction market products tied to sports, economic outcomes, or other future events) listed on CFTC regulated exchanges. The proposal responds to rapid growth in these markets and creates a contract by contract review process (typically up to 90 days) to determine whether a contract involves activities Congress flagged (such as terrorism, war, assassination, gaming, or unlawful conduct) and, if so, whether it should be prohibited as contrary to the public interest. It also defines key statutory terms, including “involve” and “gaming,” and introduces public interest factors to guide decisions. The proposal aims to replace ad hoc or overly broad approaches with a more transparent and predictable regulatory regime. Overall, the rule seeks to balance market integrity and consumer protection with continued innovation, and it is part of a broader CFTC effort to develop a comprehensive framework for regulating prediction markets, with public comments invited before finalization. Read more here.

SEC Proposes Rescission of Regulation

NMS Rules 611 and 610(e)

The Securities and Exchange Commission proposed amendments to rescind Rules 611 and 610(e) of Regulation NMS. Rule 611 of Regulation NMS, which contains the trade-through prohibition for national market system stocks, while Rule 610(e) of Regulation NMS contains restrictions on locking and crossing quotations in national market system stocks. In a statement accompanying issuance of the proposal, SEC Chairman Paul Atkins said, “the proposal is intended to simplify market structure and reduce costs for market participants while allowing competition, innovation, and other market forces to shape the continuing evolution of our equity markets.” Read more here.

FCA Fines Investment Bank CEO £99,600

for Disclosure Failures

The FCA has fined the Chief Executive of a UK investment bank £99,600 for failing to disclose 3 separate matters to the FCA The disclosure failures related to investigations by foreign regulators and were omitted in connection with UK filings and inspections. The FCA said the failures denied it the opportunity to fully consider the CEO’s fitness and propriety or seek further information. Read more here.

📣 Coming Up📣

Compliance Anonymous

FiSolve's next Compliance Anonymous session is set for 12 PM ET on June 24. This confidential forum brings together legal, compliance, and operations professionals to openly discuss real-world challenges without attribution or judgment. Participation is free, but to ensure meaningful engagement, seating is limited. Reserve your spot today here.

💡FiSolve's Negotiation Tip of the Week💡

Dealing with an Unpleasant Surprise

When an unpleasant surprise arises in a negotiation, pause and manage your reaction. Acknowledge the issue without judgment and shift to focused fact finding. Ask precise questions to test assumptions and quantify the impact on risk, capital, or pricing. Take a brief internal pause if needed to align your position. Then reframe the discussion around value and potential trade-offs. Identify offsets such as term adjustments, collateral, or fee structure that can restore balance. This disciplined approach protects your economics and maintains credibility under pressure. Remember to project confidence and curiosity at all times and avoid sounding arrogant.

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