FINRA provided guidance on the differences between exchange-traded funds and mutual funds.

The SEC allowed open-end funds additional time to comply with certain liquidity risk management requirements.

The Board of Governors of the Federal Reserve System is seeking comments on proposed changes to (i) guidelines for entities appealing adverse material supervisory determinations and (ii) FRB policy detailing the responsibilities of the Ombudsman.

SEC Commissioner Robert J. Jackson Jr. expressed opposition to the SEC potentially approving initial public offerings of companies that have adopted provisions requiring mandatory arbitration of shareholder disputes.