A FINRA member firm agreed to pay fines and reimburse customers for making unsuitable trading recommendations regarding variable annuity exchanges.

The SEC approved three rule proposals regarding advertising standards for brokers, dealers, municipal securities dealers and municipal advisors.

The SEC requested comments on a proposal to change the interpretation of "auditor independence" for lending relationships between the auditor and certain shareholders of an audit client.

A hedge fund advisory firm settled SEC charges of insider trading and mismarking securities to inflate their value.

FINRA issued a notice informing member firms that the fee rate for specified securities transactions on exchanges and in over-the-counter markets will decrease from $23.10 to $13.00 per million dollars in transactions.