Federal Reserve Bank of New York Executive Vice President Simon Potter urged all foreign exchange market participants to adopt the FX Global Code.

The MSRB issued guidance for non-solicitor municipal advisors on the applicability of MSRB rules to conduit financing.

The United States Court of Appeals for the Sixth Circuit dismissed a challenge to the expansion of MSRB "pay-to-play" rules to municipal advisors.

At a hearing before the House Financial Services Subcommittee on Capital Markets, Securities, and Investment, several industry groups called for repeal of the DOL Fiduciary Rule and expressed support for a proposed "standards of conduct" bill.

FINRA proposed amendments to the Code of Arbitration Procedure for Customer Disputes and the Code of Arbitration Procedure for Industry Disputes, which would revise the definition of a non-public arbitrator.