| Date | Action | Agency | Summary |
|---|---|---|---|
| 2025-06-18 | Dismissal of Civil Enforcement Actions Against Securities Dealers |
SEC
|
The SEC dismissed three cases alleging that firms who purchase debt from small issuers, convert that debt into stock, and sell the stock on the open market at high volumes and frequencies are securities dealers.
Investors are left unprotected if firms that are in the business of buying and selling securities need not register as a securities dealer.
|
| 2025-06-12 | Gensler Rule Withdrawals |
SEC
|
The SEC withdrew 14 proposed rules, mostly from the Gensler administration. The rule withdrawals mean that investors will not receive material information about ESG investments, will not be protected against the risks of AI, and will be vulnerable to cybersecurity risks at their brokers and advisers. Read Better Markets’ statement here. |
| 2025-06-11 | NOAA’s Climate.gov website will be shut down and most of its staff will be fired |
Other
|
Climate.gov, a key source of data and information about climate-related financial risks that threaten banks, will be shut down and its staff will be fired. The American people deserve—and the law requires—regulators to ensure banks identify and address all material risks, regardless of the source. Having accurate information about climate risks is vital to this work. Shutting down NOAA’s Climate.gov will eliminate a necessary source of data that banks and regulators use to understand climate risk. This decision endangers lives and billions of dollars of property, which serves as collateral for loans. |
| 2025-06-11 | Extension of Form PF Compliance Date |
SEC
|
The SEC extended the deadline for private funds like private equity and private credit to disclose basic information about their operations and strategies to the SEC. |
| 2025-06-04 | Michelle Bowman Confirmed by U.S. Senate as Vice Chair of Supervision |
Federal Reserve
|
The U.S. Senate confirmed Michelle Bowman as Vice Chair for Supervision at the Federal Reserve – a critical role established in the wake of the 2008 financial crisis to oversee regulation and supervision of the banking industry. However, Bowman supports Wall Street’s priorities at the expense of Main Street Americans. She also supports deregulation, which will contribute to another horrific economic crash. Related Better Markets press release: Federal Reserve Governor Bowman’s Pro-Wall Street, Anti-Main Street Views Make Her the Wrong Choice for Fed Vice Chair for Supervision (6/3/2025) |
| 2025-06-04 | FSOC Meeting |
FSOC
|
FSOC held its second meeting of the new administration, but it only included a non-public executive session, and did not focus the discussion on important topics, such as regulation of nonbanks. The FSOC is one of the most important financial regulatory agencies charged with protecting the country from financial crashes and taxpayer bailouts. The FSOC continues to have the wrong priorities and continues to ignore its responsibility to designate nonbanks for regulation. In short, rather than protect the American people, acting in a way that will endanger them. Related Better Markets Press Release: Trump’s FSOC Priorities Risks Financial Crashes, Needless Pain on Main Street, and Taxpayer Bailouts (3/19/2025) |
