In a Targeted Examination Letter, FINRA asked member firms that have been involved in multiple small-cap offerings to respond to a series of questions about their activities with exchange-listed issuers that have business operations in foreign jurisdictions. FINRA singled out China as a jurisdiction of interest.

FINRA President and CEO Robert Cook reported that the organization is expanding its use of generative artificial intelligence to enhance regulatory effectiveness and efficiency.

The Consumer Financial Protection Bureau withdrew a proposed rule to create a public registry of nonbanks using contract terms — such as arbitration clauses, liability limits, and claim waivers — that limit consumer legal protections.

Senate Democrats asked Labor Secretary Lori Chavez-DeRemer and SEC Chair Paul S. Atkins to explain how fiduciary standards under ERISA will be upheld and what safeguards will be implemented to protect retirement investors from new policies expanding access to alternative assets in retirement plans.

SEC Chair Paul S. Atkins described the Commission’s approach to the upcoming expiration of the phase-in period for the "de minimis exception" to security-based swap dealer registration requirements.