A firm settled FINRA charges for (i) effecting unsuitable switches of Class A mutual fund shares that resulted in customer losses and (ii) failing to establish a supervisory system to monitor inappropriate rates of variable annuity exchanges.

A Federal Reserve Board final rule to "lower reserve requirement ratios on transaction accounts maintained at depository institutions to zero percent" was published in the Federal Register.

FINRA, the North American Securities Administrators Association and SEC Office of Investor Education and Advocacy staff provided joint guidance as to the heightened risk of financial exploitation associated with social isolation.

FIA highlighted key priorities and encouraged President Biden to take action to promote global market access, regulatory harmonization, smart innovation and sustainability.