The SEC is making amendments to Form ADV and ADV-W to reflect the enactment of a Wyoming state law regulating investment advisers. The amendments become effective July, 1, 2017.

The Municipal Securities Rulemaking Board issued guidance on rules for certain solicitor municipal advisors.

The SEC Division of Corporate Finance waived a bank's "bad actor" disqualification from exemptions provided by Rule 506 under Regulation D.

The CFTC requested comments on simplifying rules and practices in order to make them less costly and complex. Acting Chair J. Christopher Giancarlo stated that responses to the Project KISS ("Keep It Simple, Stupid") initiative should focus on enhancements rather than rewrites or repeals.

The SEC approved a proposed rule change that will permit the listing and trading of the first quadruple-leveraged exchange-traded funds ("ETFs"). Prior to this approval, the highest-leveraged ETFs offered three times leveraged (or inverse leveraged) exposure to their benchmarks.