A firm settled FINRA charges for participating in an IPO with a conflict of interest, permitting unregistered individuals to conduct investment banking activities and related supervisory failures.

A firm settled FINRA charges for failing supervise for prearranged trading and for deficient mark-up and mark-down disclosures on customer confirmations.

The Conference of State Bank Supervisors ("CSBS") recommended revisions to the Senate Banking Committee's draft Responsible Financial Innovation Act, a bill to impose disclosure requirements for digital asset transaction. (See previous coverage.)

Senate Republicans called on federal banking regulators to reassess the supervisory process for Matters Requiring Attention ("MRAs") and Matters Requiring Immediate Attention ("MRIAs").

The SEC Division of Trading and Markets issued guidance to broker-dealers on meeting the customer reserve and segregation obligations under the Customer Protection Rule formula for cleared US Treasury securities.