FINRA extended the effective date from June 1, 2020 to August 3, 2020 for amendments to Trade Reporting and Compliance Engine requirements.

A cookware coating manufacturer settled potential OFAC civil liability stemming from apparent violations of the Iranian Transactions and Sanctions Regulations.

The SEC Staff Standards of Conduct Implementation Committee concluded that broker-dealers and investment advisers are complying with content and format requirements on Customer Relationship Summaries.

A broker-dealer settled FINRA charges for failing to follow firm written anti-money laundering procedures that required monitoring for red flags of potentially suspicious activity.

An investment adviser settled SEC charges for failing to disclose that: (i) the adviser's parent company paid a teachers' union-owned for-profit entity to promote the adviser's services to teachers; and (ii) the adviser received financial benefits as a direct result of investment recommendations that were more expensive than other options available to clients.