FiSolve Weekly News Digest: September 5, 2025

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

SEC and CFTC Issue Joint Staff

Statement on Project Crypto

Staff of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) issued a Joint Statement regarding the trading of certain spot crypto asset products.  This Joint Statement clarifies staff’s views that SEC and CFTC registered exchanges are not prohibited from facilitating the trading of certain spot commodity products.  The joint effort is a signal by each agency as to how its respective staff may coordinate efforts to promote trading venue choice and optionality for market participants.  Read more here.

SEC Charges Uncovers $770 Million Ponzi Scheme

The SEC charged a Pennsylvania resident and his companies, with operating a multi-year Ponzi scheme that resulted in investor losses of approximately $400 million.  The complaint alleges violations of the anti-fraud provisions of the federal securities laws.  It seeks permanent injunctions, disgorgement of ill-gotten gains with prejudgment interest, and civil penalties against the defendants and a conduct-based injunction and officer and director bar against the individual responsible for the scheme.  The U.S. Attorney’s Office for the Eastern District of Pennsylvania announced parallel criminal charges against the individual.  Read more here.

Study Finds a Staggering 75% of

Employee Departures are Preventable

A study released by the Work Institute reveals 75% of employee departures are preventable, underscoring the urgent need for organizations to rethink their retention strategies.  The report identifies career development as the leading cause of turnover, followed by issues related to management, culture, and work-life balance.  It emphasizes that pay alone is not a solution—rather, employees seek meaningful growth, strong leadership, and flexible work environments. First-year turnover remains most costly, and the report suggests proactive tools like exit and stay interviews to mitigate attrition.  With remote and hybrid work now entrenched, the report calls for data-driven, human-centered approaches to build a more engaged and loyal workforce.  Read more here.

Industry Groups Call on Congress to Renew

Critical Cybersecurity Law

A coalition of 13 leading trade associations representing all sectors of the U.S. economy called on Congress to extend the Cybersecurity Information Sharing Act before its September 30 expiration date.  The groups warned that failing to do so would impede public-private sector coordination during cyberattacks and weaken the nation’s cyber defenses amid escalating global threats.  The Cybersecurity Information Sharing Act was enacted over a decade ago in response to a breach at the Office of Personnel Management.  The law creates a voluntary framework for the private sector and government agencies to share cyber threat information while ensuring data-sharing is secure and complies with strict privacy safeguards.  The law also enacts important antitrust and liability protections for companies to share actionable threat indicators.  Read more here.

Post Labor Day IPO Wave Expected

PitchBook reports the post-Labor Day IPO wave—historically a favorable window—is expected to occur this year with companies choosing not to sit out despite ongoing economic and political uncertainties.  The report finds while some companies—especially those in AI—are optimizing to raise as much capital from an offering as possible, others are pricing their IPOs more cautiously and setting the stage for big first-day price jumps.  Read more here.

‼️FiSolve's Negotiation Tip of the Week‼️

(Know your BATNA!) 

In our industry, whether you're structuring a fee agreement, pitching a fund, or negotiating a strategic partnership—your power at the table is directly tied to your BATNA: Best Alternative to a Negotiated Agreement. Understanding your alternatives isn’t just a safety net—it’s leverage.  If you know you have other viable options (another investor, another platform, another distribution channel), you can negotiate with confidence and clarity.  Conversely, if your alternatives are less than desirable, your leverage is impacted.  If the other side senses you are locked in with no fallback, they will press harder.  In financial services, where relationships and reputational capital matter, being transparent about your alternatives (strategically, not recklessly) can also build credibility.  The best negotiators do not just prepare their pitch, they anticipate the other side’s BATNA and are prepared to respond to it as well.   

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