The Consumer Financial Protection Bureau ("CFPB") issued a report on veterans' "financial well-being." According to the " National Financial Well-Being Survey," which gauged the financial literacy and welfare of Americans, veterans demonstrated a correlation between "financial skill" and "financial well-being." As one might expect, veterans with higher education and homeownership are more likely to have financial comfort. Veterans, like many other Americans, also show lower financial well-being levels when they use short-term credit products, are regularly contacted by debt collectors, or

SEC Commissioner Hester Peirce voiced concern that certain agency guidance may have turned into a "body of secret law" due to a lack of transparency and accountability. In remarks at the "SEC Speaks" Conference, Ms. Peirce acknowledged that staff guidance can aid market participants "navigate the complexity" of the federal securities laws. Staff-level guidance, according to Ms. Peirce, performs several important functions, which include helping to ensure that the SEC is responsive to the markets and that market participants are able to satisfy their regulatory obligations. However, she warned

The SEC Division of Corporation Finance determined that, for the purposes of applying Exchange Act Rules related to " Collar Contracts," an insider will be deemed to own the Corporation Shares underlying the operating partnership units. Currently, the "insider" of a U.S. public company is not permitted to take a short position in the common stock issued by an insider's employing company. The SEC has generally treated this prohibition broadly, prohibiting even short derivative positions that are economically offset by a long derivative on the company's common stock. The SEC's no-action letter

FINRA filed for immediate effectiveness a proposal to extend until October 18, 2019 a pilot program concerning FINRA Rule 11892 ("Clearly Erroneous Transactions in Exchange-Listed Securities").

FINRA updated the "Interpretations of Financial and Operational Rules" concerning net capital requirements for brokers or dealers. Specifically, the update concerns Exchange Act Rule 15c3-1(c)(2)(viii) ("Open Contractual Commitments") and relates to the conditions under which the beneficiary of an underwriting backstop agreement in a firm commitment underwriting would not be required to take a contractual commitment charge where the provider of the backstop took the charge instead.