A firm settled FINRA charges for improper aggregation-unit netting and related supervisory failures.

The American Bankers Association and state bankers associations from all 50 states urged congressional leaders to advance two bipartisan bills that would increase Bank Secrecy Act reporting thresholds.

In a no-action letter, the SEC Division of Trading and Markets permitted Personal Services Entities owned by registered representatives to receive transaction-based compensation without registering as broker-dealers.

House Financial Services Committee members David Scott and Barry Loudermilk drafted legislation to strengthen the SEC’s data-protection standards for sensitive, nonpublic proprietary information obtained from investment advisers.

SEC Commissioner Mark T. Uyeda urged expanding 401(k) access to private markets, warning that current limits leave workers with a "diversification deficit."