Press Release

November 13, 2025 Federal Reserve Board issues enforcement action with former employee of Commerce Bank and announces termination of enforcement actions with Société Générale S.A. and Industrial and Commercial Bank of China Ltd. For release at 11:00 a.m. EST Share The Federal Reserve Board on Thursday announced the execution of the following enforcement action listed below: Consent Prohibition Order against Nicholas Sheeley Former employee of Commerce Bank, Kansas City, Missouri Misappropriation of customer funds Also on Thursday, the Board announced the termination of the enforcement actions listed below: Société Générale S.A., Paris, France Cease and Desist Order dated November 19, 2018 (PDF) Terminated November 5, 2025 Industrial and Commercial Bank of China Ltd., Beijing, People's Republic of China and Industrial and Commercial Bank of China Ltd. New York Branch, New York, New York Cease and Desist Order dated March 12, 2018 (PDF) Terminated November 5, 2025 Additional enforcement actions can be searched for here . For media inquiries, please email [email protected] or call 202-452-2955. Attachment (PDF)

Federal Reserve (2025, November 12). Press Release. Press Releases, Federal Reserve. https://whenthefedspeaks.com/doc/press_release_20251113_federal_reserve_board_issues_enforcement_action

@misc{wtfs_press_release_20251113_federal_reserve_board_issues_enforcement_action,
  author = {Federal Reserve},
  title = {Press Release},
  year = {2025},
  month = {Nov},
  howpublished = {Press Releases, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/press_release_20251113_federal_reserve_board_issues_enforcement_action},
  note = {Retrieved via When the Fed Speaks corpus}
}