A broker-dealer settled FINRA charges for failing to preserve business-related text messages sent by its registered representatives on firm-issued iPhones using Apple's iPhone-to-iPhone messaging system.

Several trade associations highlighted concerns about an SEC proposal to establish minimum standards for investment advisers before outsourcing certain services or functions.

A broker-dealer settled NYSE Arca charges for failing to apply erroneous order controls in connection with the execution of a customer order.

Comments on an SEC proposal to establish minimum standards for outsourcing investment advisory services and related form amendments are due by December 27, 2022.

The SEC proposed a new rule establishing minimum standards that investment advisers would be required to meet prior to outsourcing certain services or functions.