The North American Securities Administrators Association highlighted opposition by 28 securities and financial regulation scholars to provisions in the Responsible Financial Innovation Act of 2025 that would "undermine the ... authority of state securities regulators to fight fraud."

Federal Reserve Governor Michael S. Barr underscored the "indispensable role" of community banks in local economies and described the challenges posed by technology and regulation.

FINRA suspended a broker for using personal text messages to conduct firm business and for obstructing a subsequent internal investigation.

Federal Reserve Bank of New York economists considered the recent expansion of sponsored repo activity and its growing role in Treasury market structure.

FINRA fined a firm for failing to preserve electronic customer and business communications and related supervisory deficiencies.