FINRA detailed various rule changes affected by the shortening of the standard settlement cycle for securities transactions from three business days after the trade date (T+3) to two (T+2).

The SEC named Lucas Moskowitz as Chief of Staff.

The FINRA Board of Governors approved the issuance of a number of proposals designed to ensure better supervision and more accountability for "high-risk" brokers.

SEC Commissioner Michael Piwowar listed factors contributing to a decline in the number of initial public offerings and expressed the Commission's determination to revitalize the market.

At an SEC and North American Securities Administrators Association Conference, SEC Commissioner Kara Stein urged regulators to adapt to technological advancements and challenges.