The CFTC investigated unusual trading activity on April 20, 2020, concerning the West Texas Intermediate Light Sweet Crude Oil futures contract.

The CFTC adopted final rules on trade execution and swap facilities to codify previously issued no-action relief on "package transactions."

The CFTC Division of Market Oversight extended time-limited no-action relief to swap execution facilities from the "occurs away" requirement under the CFTC definition of block trade.

The SEC adopted amendments that impose additional conditions on the ability of a broker-dealer to publish a quotation for securities that are not listed on a national securities exchange. The amendments were published in the Federal Register.

FINRA proposed extending a pilot program that governs the review of "clearly erroneous transactions" in exchange-listed securities.

FINRA requested feedback on a concept proposal setting forth how the FINRA rules might apply to security-based swaps.

The CFTC Division of Market Oversight extended previously issued no-action relief for package transactions.

FINRA proposed extending the pilot period related to market-wide circuit breakers in NMS stocks.

In a new staff report, the SEC Division of Economic and Risk Analysis considered the interconnections among six separate U.S. credit markets, and how three distinct types of stresses in each of the markets affected the products and participants during the COVID-19 pandemic.

CFTC Commissioner Rostin Behnam and ISDA CEO Scott O'Malia offered regulatory recommendations to address climate-related financial market risk.

A broker-dealer settled SEC charges for violating short sale order marking regulations.

A firm and its former trader settled CFTC charges for multiple instances of spoofing in futures markets.

The SEC proposed amendments to regulations on alternative trading systems to improve the "operational transparency, system integrity and regulatory oversight" of those systems that trade in government securities.

An investment bank agreed to settle SEC and CFTC charges that the firm engaged in spoofing in the market for U.S. government securities.

FINRA proposed rules changes that would (i) shut down the OTC Bulletin Board Service, (ii) delete all related rules, and (iii) establish new requirements for alternative systems run by individual broker-dealers that disseminate identified broker-dealer quotations in OTC Equity Securities.

The DOJ and the SEC charged a senior index manager with perpetrating an insider-trading scheme.

The Futures Industry Association offered guidelines to aid market participants in meeting surveillance requirements under the Market Abuse Regulation.

A broker-dealer settled FINRA charges for failing to disclose material aspects of payment for order flow arrangements.

The SEC provided certain limited exemptive relief from the “locate” and "close-out" requirements under its short sale regulations. The relief was provided because of COVID-19 related intermittent suspension of physical securities processing by the Depository Trust Company .

A swap dealer settled DOJ and CFTC charges for spoofing, making false statements to regulators, and violations of CFTC external business conduct requirements.

FINRA requested comment on "pennying" - the practice of a broker-dealer executing a customer order at a price that matches or only slightly beats (e.g., by a penny) the best auction price from a third party in the corporate bond market.

An investment adviser settled SEC charges for failing to disclose to its clients compensation that its affiliated broker received for investments recommended to them by the adviser.

A broker-dealer settled FINRA charges for failing to sufficiently supervise short-term trade recommendations made by one of its registered representatives.

IOSCO reviewed changes in the way that liquidity is provided in the secondary markets for equity securities.

The Cboe C2 Exchange, Inc. imposed sanctions against a broker-dealer for trading on two customer orders prior to disclosing them to the trading crowd.