A firm and its general securities principal settled FINRA charges for (i) failing to maintain a reasonable supervisory system that detects potentially manipulative trading and (ii) failing to review and retain business-related text messages.

FINRA adopted amendments to private placement filing requirements to require members to file retail communications related to an offering.

The Federal Reserve Bank of New York appointed Dianne Dobbeck to lead the New York Fed's Supervision Group.

SEC Division of Examinations Director Peter B. Driscoll will leave the agency on August 14, 2021. The SEC named Daniel S. Kahl to serve as Acting Director upon Mr. Driscoll's departure.