Academics provided the first large-scale study that documents the economy-wide extent of misconduct among financial advisers and financial advisory firms.

An accounting firm settled SEC charges of using stolen information to improve the outcome of the firm's Public Company Accounting Oversight Board annual inspection.

According to a report on TheHill.com, American Federation of Labor and Congress of Industrial Organizations ("AFL-CIO") President Richard Trumka demanded that Wall Street end the practice of giving "golden parachutes" to executives leaving for government jobs. In a letter to six top banking executives, Trumka argued that it should "not take the passage of a law defining them as bribery under the U.S. criminal code for you to do the right thing and stop offering them." Senator Tammy Baldwin (D-WI) and Representative Elijah Cummings (D-MD) introduced legislation in July that would ban government

Federal banking agencies provided information on how their respective regulated financial institutions can submit self-assessments of diversity policies and practices that were in effect at the end of 2015.

Multiple agencies requested comment on a joint proposal that would limit incentive-based compensation arrangements at covered institutions. The request for comment was published in the Federal Register.