A China-based coffee company settled SEC charges for materially misstating revenue, expenses and net operating losses in order to give investors the false impression of rapid growth and increased profitability, and to satisfy earnings estimates.

SEC Chair Jay Clayton attributed the successful implementation of the Consolidated Audit Trail to specific implementation details and milestones, engagement with stakeholders and focused leadership.

A broker-dealer offering "commission-free" trading settled SEC charges for material misrepresentations relating to its revenue sources and execution quality.

The SEC approved FINRA's proposed rule changes, with some amendments, permitting certain conditions or restrictions to be imposed on broker-dealers that have a "significant history" of misconduct or that hired associated persons with such a history.

FINRA named Scott W. Anderson as Executive Vice President and Head of Market Regulation and Transparency Services.