FiSolve Weekly News Digest: September 12, 2025

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

SEC Crypto Task Force to Host Roundtable on

Financial Surveillance and Privacy 

The Securities and Exchange Commission’s Crypto Task Force announced it will host a public roundtable on financial surveillance and privacy on Friday, October 17 from 1 p.m. to 4 p.m. at the SEC headquarters.  The task force was created to help the SEC draw clear regulatory lines, provide realistic paths to registration, craft sensible disclosure frameworks, and deploy enforcement resources judiciously.  Read more here.

SEC Chairman Directs Staff to Evaluate Short Selling and Securities Lending Rules Following Court Setback 

On August 25, 2025, the U.S. Court of Appeals for the Fifth Circuit issued a significant ruling concerning SEC Rule 10c-1a (Securities Lending Reporting) and Rule 13f-2 (Short Position Reporting via Form SHO).  The court upheld the SEC’s statutory authority to adopt both rules under the Exchange Act and the Dodd-Frank Act, however it found the SEC acted arbitrarily and capriciously by failing to consider the cumulative economic impact of the two interrelated rules.  Accordingly, the rules were remanded to the SEC pending further economic analysis.  Chairman Atkins announced he has directed SEC staff to evaluate the rules in light of the opinion and make recommendations for appropriate action, including potential changes to the rules and adjustments to the related compliance dates.  Read more here.

Report Shows Stabilizing Work Location Trends 

A report from Gallup titled “Hybrid Work in Retreat? Barely.” reveals that hybrid work is not declining but has instead stabilized, with nearly one-third of remote-capable employees continuing to work in hybrid arrangements.  The report emphasizes that the success of hybrid work depends less on top-down mandates and more on how individual teams coordinate schedules and build trust.  While some companies are pushing for more in-office time, Gallup’s data shows that employee preferences and productivity outcomes favor flexible models.  The article encourages leaders to focus on team-level collaboration, autonomy, and trust-building rather than rigid policies to sustain engagement and performance in hybrid environments.  Read more here.

Registered Representative Sanctioned

for Filing Falsified Insurance Claim 

A former general securities representative, while associated with a registered broker-dealer, falsified an insurance claim form by misdating a claim for fire damage to a garage (omitting that the garage was not originally insured) so that coverage could be obtained after a loss.  This conduct violated FINRA Rule 2010 requiring high standards of honesty and fair dealing.  The former representative agreed to be suspended from all FINRA-member activity for four months and to pay a $5,000 fine.  The individual was also terminated by his firm.  Read more here.

CFTC Issues Policy Statement on Referrals for

Potential Criminal Enforcement 

The Commodity Futures Trading Commission approved a policy statement describing its plan to address criminally liable regulatory offenses in accordance with Executive Order 14294, Fighting Overcriminalization in Federal Regulations.  The policy statement sets the framework to be followed when CFTC, including the Division of Enforcement, considers whether to refer potential violations of criminal regulatory offenses to DOJ.  Further details will follow.  Read more here.

CFTC Sanctions Colorado Trader and Illinois Company

to Pay $200,000 for Spoofing 

The Commodity Futures Trading Commission announced today it issued an order filing and settled charges against an individual and his company for spoofing in the E-mini S&P 500 and E-mini Nasdaq 100 futures markets on the Chicago Mercantile Exchange.  The individual engaged in spoofing while trading on the firm’s behalf by placing bids and offers with the intent to cancel them before execution.  Among other things, the action includes a $200,000 civil monetary penalty and a ban from trading commodity interests for 12 months.  Read more here.

ESMA Issues Risk Monitoring Report 

The European Securities and Markets Authority (ESMA) published its second risk monitoring report of 2025, setting out the key risk drivers currently facing EU financial markets.  The report notes geopolitical events continue to have a strong impact on the evolution of financial markets.  The report also notes investor risks have also risen in crypto-asset markets.  Read more here.

FiSolve to Host Compliance Anonymous on October 8

FiSolve's next Compliance Anonymous session is set for 12 PM ET on October 8. This confidential forum brings together legal, compliance, and operations professionals to openly discuss real-world challenges without attribution or judgment. Seats are limited, so please reserve your spot here.

‼️FiSolve's Negotiation Tip of the Week‼️

Be Mindful of Common Interests

When negotiating in our industry, frame your position around risk management and mutual value creation. You can do this by understanding each side’s interests.  Whether in finance, legal, trading, or operations, emphasize how your approach reduces long-term risks and supports sustainable growth—such as lowering volatility, preventing disputes, facilitating and ensuring reliable execution, or streamlining processes. This shifts the conversation from short-term cost or price to long-term stability and shared benefit, making your proposal harder to dismiss.    

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