Five traders agreed to settle Chicago Mercantile Exchange "spoofing" charges

The U.S. Senate confirmed Kathy Kraninger as Director of the Consumer Financial Protection Bureau. Ms. Kraninger succeeds CFPB Acting Director Mick Mulvaney.

SEC Commissioner Kara M. Stein and Office of Municipal Securities Director Rebecca Olsen outlined different approaches for improving municipal issuer disclosures.

SEC Chair Jay Clayton outlined progress made on the agency's 2018 rulemaking agenda, key initiatives planned for 2019 including review of the proxy process, and risks associated with Brexit, the LIBOR transition and cybersecurity.

University of Houston Finance Professor Craig Pirrong analyzed a recent court determination that a Chicago trader and his firm had neither manipulated nor attempted to manipulate the price of certain interest rate swaps.