FINRA proposed adopting a new consolidated rule and deleting existing rules on outside business activities and private securities transactions.

The Nasdaq Stock Market LLC ("Nasdaq") proposed amending its rules to enable the trading of securities on the Exchange in tokenized form during the pendency of a pilot program operated by the Depository Trust Company ("DTC").

The Congressional Research Service reviewed the federal government's legal framework for combating financial crimes.

A firm settled FINRA charges for supervisory failures on private placement solicitations, misleading retail communications, and notification failures on the termination of research coverage.

The Division of Corporation Finance confirmed that financial institutions acting as dealers do not become part of a "group" with its counterparties by virtue of entering into derivative contracts with such counterparties, provided the dealing institutions retain sole discretion over hedging and voting decisions.