SIFMA supplemented a previously submitted letter urging the SEC to modernize the agency's communications recordkeeping framework. In the new letter, SIFMA provided survey data which showed that recordkeeping rules impose enormous costs on broker-dealers and investment advisers while generating far more data than regulators need.

The CFTC updated its regulatory relief for Railbird Exchange, a designated contract market specializing in event-based derivative contracts, by approving Bitnomial Clearinghouse as its new clearing partner and removing a prior ban on broker intermediation.

A broker dealer settled FINRA charges for sending customers account statements that misidentified private label collateralized mortgage obligations as government agency bonds or corporate bonds.

A broker dealer settled FINRA charges for publishing 74 inaccurate monthly order execution reports and failing to maintain a supervisory system adequate to detect the errors.

The Investment Adviser Association and the Investment Company Institute urged the SEC to update the "recordkeeping rule" under the Investment Advisers Act, a framework largely unchanged since 1961.