SEC Commissioner Mark T. Uyeda criticized "random acts of regulatory enforcement dressed up as broken windows enforcement," saying it undermined the regulatory predictability that efficient markets require.

FINRA fined a broker-dealer for failing to reasonably supervise recommendations of Class A mutual funds and Unit Investment Trusts.

The FTC warned a mortgage services company that its blanket use of noncompete agreements may violate federal antitrust law.

Federal Reserve Board Governor Lisa D. Cook highlighted the growth and promise of tokenization in financial markets, but warned that scaling it safely requires regulators and institutions to stay ahead of the risks it introduces.

SEC Chair Paul Atkins warned that the agency will hold firms accountable for the outcomes of the AI tools they deploy and for disclosing to investors how those tools are used.