FINRA suspended a broker for failing to disclose outside business activity involving the marketing and sale of an automated foreign exchange trading algorithm.

Blockchain Association CEO Summer Mersinger asserted that the digital assets industry will push back against efforts by traditional banks to use regulation to block emerging competitors.

FINRA summarized recent SEC rule amendments that establish new electronic filing, signature, and data-format requirements for broker-dealer annual reports and FOCUS filings. FINRA also highlighted upcoming compliance dates that affect members.

In response to a recent report by the Office of Government Ethics finding violations of Federal Reserve trading rules, Senate Banking Committee Chair Tim Scott called for "essential" reform to "restore integrity, strengthen transparency, and end the pattern of insiders playing by their own rules."

The Federal Reserve finalized amendments to Regulation A ("Extensions of Credit by Fed Banks") to implement reductions in the interest rates applicable to primary and secondary credit extended by Fed banks.