The SEC charged a portfolio manager at a registered investment company with diverting at least $1.95 million from a fund over which he had trading authority to his personal brokerage account.

At the SIFMA Equity Market Structure Conference, SIFMA Executive Vice President Randy Snook restated the Association's recommendations to the SEC regarding the future of Regulation NMS.

North American Securities Administrators Association President Mike Rothman argued that the updated Financial CHOICE Act should not be passed in its current form.

FINRA issued additional guidance to member firms on the application of its rules to social media and digital communications.

The SEC charged a former broker with trading unsuitable investment products in the accounts of retail customers.