The Federal Reserve Board announced on Thursday that it has taken enforcement action against a former employee of Commerce Bank in Kansas City, Missouri. Nicholas Sheeley received a Consent Prohibition Order due to the misappropriation of customer funds.
In addition, the Board announced the termination of previous enforcement actions involving two major international banks. The Cease and Desist Order issued to Société Générale S.A., based in Paris, France, on November 19, 2018, was terminated as of November 5, 2025. Similarly, the Cease and Desist Order for Industrial and Commercial Bank of China Ltd., including its Beijing headquarters and New York branch—originally dated March 12, 2018—was also terminated on November 5, 2025.
According to the Federal Reserve Board: “Consent Prohibition Order against Nicholas Sheeley Former employee of Commerce Bank, Kansas City, Missouri Misappropriation of customer funds.”
The public can search for additional enforcement actions through resources provided by the Federal Reserve Board.
