FINRA directed firms to document any reliance on temporary relief from regulatory obligations during the COVID-19 pandemic.

A private equity firm and registered investment adviser settled SEC charges for failing to implement policies to prevent the misuse of material non-public information.

The North American Securities Administrators Association requested comment on a proposed Model Whistleblower Award and Protection Act.

The SEC extended certain regulatory relief for registered transfer agents from May 30, 2020 to June 30, 2020.

North American Securities Administrators Association President Christopher Gerold urged Congress to be "very skeptical" concerning legislative actions in response to COVID-19 that could weaken securities laws.

A broker-dealer settled FINRA charges for executing non- bona-fide fixed income transactions and related supervisory failures.

The MSRB provided information on finding COVID-19-related issuer disclosures and other municipal bond-related investor resources.

At an Investor Advisory Committee meeting, SEC Chair Jay Clayton and Commissioner Hester M. Peirce raised issues concerning (i) emerging market investment risk and (ii) environmental, social and governance disclosures.

FINRA adopted amendments to Membership Application Program rules to incentivize the timely payment of arbitration awards.

FINRA issued a request for comment on security-based swap activities and how FINRA rules might apply to those activities.

The SEC amendments to facilitate the implementation of the Consolidated Audit Trail and impose public transparency and financial accountability requirements were published in the Federal Register.

The SEC adopted rule amendments intended to improve information disclosures regarding acquisitions and dispositions of businesses.

The SEC approved on an accelerated basis a FINRA proposal to add Consolidated Audit Trail compliance rules to FINRA's Minor Rule Violation Plan.

The SEC provided conditional relief from certain Exchange Act credit-arranging prohibitions to broker-dealers designated as agents for the Federal Reserve Board's Term Asset-Backed Securities Loan Facility.

The SEC Division of Trading and Markets granted no-action relief regarding the net capital treatment of certain receivables from bank sweep programs.

The SEC designated FINRA as the organization to which all security-based swap entities must file their financial and operational (FOCUS) reports.

A broker-dealer settled FINRA charges for publishing inaccurate order execution information.

Three former audit partners settled separate SEC charges for sharing the answers to examinations on training courses internally administered by their firm.

A broker-dealer settled FINRA charges for failing to maintain a sufficient balance in its "Special Reserve Bank Account for the Exclusive Benefit of Customers."

The SEC adopted amendments to facilitate the implementation of the Consolidated Audit Trail. The amendments impose public transparency and financial accountability requirements.

FINRA provided guidance to address issues arising from temporary relief extended to firms in response to COVID-19 challenges .

A broker-dealer settled FINRA charges for overstating its executed trade volume through a private subscription-based provider of market data .

A broker-dealer settled FINRA charges for inaccurately reporting to the Trade Reporting and Compliance Engine the capacity in which it acted in executing reportable transactions.

In its May disciplinary report, FINRA recapped the actions taken against member firms and individuals for violations of FINRA rules, MSRB rules, and federal securities laws, rules, and regulations.

In remarks to the Financial Stability Oversight Council, SEC Chair Jay Clayton offered observations on the current state of the capital markets and efforts undertaken by the SEC to mitigate systemic risk.