The New York Department of Financial Services reminded banking institutions of recent amendments to the New York Community Reinvestment Act that require additional information on activities with respect to minority- and women-owned businesses.

FINRA modified its suitability and non-cash compensation requirements to align with Regulation Best Interest.

A broker-dealer settled SEC charges for misleading clients as to trade execution services and transaction costs in the broker-dealer's retail wrap fee program.

The MSRB proposed several rule changes to align its rules with the SEC's Regulation Best Interest.

The SEC charged an investment advisory firm and two of its investment advisers with violating their fiduciary duty and defrauding clients by failing to disclose significant financial conflicts of interest.

Federal Reserve Board Chair Jerome Powell supported FRB Governor Lael Brainard's proposed approach to Community Reinvestment Act oversight.

Federal Reserve Board Governor Lael Brainard proposed an approach to Community Reinvestment Act oversight that would use metrics on retail banking services and community development to evaluate banks in low- and moderate-income neighborhoods.

A broker-dealer settled FINRA charges for supervisory failures concerning "excessive sales charges" in early rollovers of Unit Investment Trusts.

A former executive of a brokerage firm settled SEC charges for illicitly securing business deals with a Malaysian state-owned and controlled investment fund.

A broker-dealer and a registered representative settled FINRA charges for failing to establish and enforce procedures to record and review phone calls between the firm and existing or potential customers.

The SEC proposal to amend the advertising and solicitation rules under the Investment Advisers Act of 1940 was published in the Federal Register

The House Financial Services Committee considered (i) testimony from federal banking regulators on a broad range of concerns and (ii) several proposed bills imposing additional requirements on financial institutions.

The SEC charged an entity and several associated individuals with misleading 100 investors - most of whom were seniors - resulting in $4.9 million in losses.

The SEC proposed amending advertising and solicitation rules under the Investment Advisers Act.

In a 2019 FDIC Risk Review, the agency highlighted credit and market risk as key threats to the banking industry.

A broker-dealer settled FINRA charges of failure to "establish, maintain and enforce a sufficient supervisory system ... reasonably designed to achieve compliance with applicable securities laws and regulations."

At a roundtable discussion hosted by the Federal Reserve Board, bankers and community groups described their experiences with Community Reinvestment Act implementation and proposed amendments to better address underserved areas.

NFA adopted supervisory requirements and technical amendments concerning swap activities.

The MSRB updated its guidance on gifts and gratuities limitations for broker-dealers, municipal securities dealers and municipal advisors.

The SEC adopted a rulemaking package designed to enhance retail investors' protections when dealing with broker-dealers and investment advisers.

The SEC proposed several amendments to its rules governing security-based swaps entered into by non-U.S. firms.

FDIC Chair Jelena McWilliams "challenged" the agency to increase its efforts to understand and address "the needs of our communities and the banks that serve them."

Comptroller of the Currency Joseph Otting reported that the federal banking system is strong, but risks remain.

A broker-dealer agreed to settle FINRA charges for neglecting to identify and apply available sales charge waivers to eligible retirement accounts and charitable organizations.

North American Securities Administrators Association President Michael Pieciak offered recommendations on how the SEC can improve Regulation Best Interest to benefit investors.