The Federal Reserve Board, FDIC and OCC extended the comment period for proposed risk management guidance concerning third-party relationships of banking organizations from September 17, 2021, to October 18, 2021.

A major food and beverage manufacturing company, its former chief operating officer and its former chief procurement officer settled SEC charges for an alleged expense management scheme. The scheme involved premature and improper recognition of cost savings in financial statements resulting from misleading supplier contracts generated by procurement employees.

The MSRB filed for immediate effectiveness a proposal that would extend the deadline for a municipal advisor principal to become qualified with the Series 54 examination from November 12 to November 30, 2021.

NFA proposed amendments clarifying that member swap dealers who violate the trade execution compliance schedule or clearing requirements of the CFTC's rules also will have violated an NFA requirement.