Regulatory Alerts2023-04-27
SEC Rules and Regulations of the Financial Products and Services Consumer Protection Act of 2022
The Securities and Exchange Commission promulgated implementing rules and regulations to enforce the Financial Products and Services Consumer Protection Act of 2022. These rules establish the Commission's authority to supervise market conduct, enforce compliance through penalties and cease and desist orders, and adjudicate financial consumer complaints. The regulations define key terms, outline consumer rights regarding transparency and fair treatment, and mandate specific operational standards for financial service providers under SEC jurisdiction.
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