In its 2025 Industry Snapshot, FINRA reported a continuation of previous trends, including as to the decline in the number of broker-dealer firms, geographic shifts away from New York and California and the continued movement of equities trading from traditional exchanges to alternative trading systems.

FinCEN extended the effective dates for recent orders under the Fentanyl Sanctions Act prohibiting three Mexico-based financial institutions from engaging in "any transmittal of funds."

Global financial market associations warned that rising regulatory fragmentation is threatening the global financial system. In a joint report, the Associations urged the Financial Stability Board, the Basel Committee on Banking Supervision and IOSCO to renew their commitment to reducing fragmentation and improve coordination of global financial standards.

CFTC Commissioner Kristin N. Johnson outlined the expanding use of artificial intelligence in financial compliance and enforcement. She warned that without stronger oversight, AI could be exploited to commit fraud and evade regulations.

A firm settled separate FINRA and NYSE Arca charges for failing to comply with the notification and supervisory requirements of SEC Regulation M, which governs trading during securities distributions to prevent market manipulation.