A FINRA proposal to harmonize a FINRA rule on customer account statements with a Temporary Dual FINRA-NYSE rule and interpretation concerning customer account statements was published in the Federal Register.

FINRA proposed extending a pilot program that governs the review of "clearly erroneous transactions" in exchange-listed securities. The extension would move the expiration date from October 20, 2021, to April 20, 2022.

A broker-dealer settled NYSE Arca charges for (i) mishandling a customer options order and (ii) failing to supervise the handling of tied hedge transactions.

SEC Chair Gary Gensler directed staff to study the risks of complex exchange-traded products and recommend potential rulemakings to address such risks.

In a joint letter, financial industry trade associations asked U.S. Senate Majority Leader Senator Charles E. Schumer and Minority Leader Senator Mitch McConnell not to include proposed legislation titled the Modernization of Derivatives Tax Act of 2021 in any budget reconciliation process.