The MSRB will institute continuing education requirements that obligate municipal advisors to "remain current in their industry knowledge" and corresponding recordkeeping requirements.

Risk Desk editor John Sodergreen summarized Project KISS, the CFTC's regulatory reform initiative and the approach to it by CFTC Chief of Staff Mike Gill.

FINRA proposed a change to certain rules that would extend the Tier Size Pilot Program for OTC securities until December 8, 2017.

The SEC Office of Investor Education and Advocacy issued a new Investor Bulletin on securities-based crowdfunding.

FINRA filed a proposed rule change with the SEC to remove Order Audit Trail System rules and amend electronic blue sheet rules as members transition reporting to the consolidated audit trail.