A swap dealer settled CFTC charges relating to compliance with CFTC requirements on portfolio reconciliation, mid-market marks and trade reporting.

The SEC instituted proceedings regarding a FINRA-proposed amendment to Rule 2165 ("Financial Exploitation of Specified Adults") to further consider issues raised by commenters and determine whether to approve or disapprove the amendment. The SEC noted that instituting proceedings should not be viewed as an indication of any SEC conclusion with respect to the proposed rule change.

At a hearing before the U.S. Senate Committee on Banking, Housing, and Urban Affairs, Treasury Secretary Janet L. Yellen and Federal Reserve Board Chair Jerome H. Powell touted the federal government's financial response to the pandemic and urged Congress to raise the debt limit.

FINRA, the North American Securities Administrators Association and the SEC Office of Investor Education and Advocacy urged investors doing business with a financial firm to name one or more trusted contacts.