The NFA permanently barred from membership a commodity trading advisory for failing to submit to an examination by the Business Conduct Committee.

The SEC granted limited exemptive relief to numerous exchanges from the National Market System Plan governing the Consolidated Audit Trail clock synchronization compliance deadline.

A homebuilding company settled charges that it defrauded investors. The SEC used satellite imagery to determine that the company inflated the number of homes built. The SEC alleged that the company overstated revenue by approximately $3.3 billion.

In a set of recommendations to Congress, the North American Securities Administrators Association emphasized protections for retail investors, seniors and securities markets, as well as the continued "empowerment" of state regulatory authorities.

The MSRB requested comments on draft rule amendments that would (i) clarify CUSIP number requirements for private placement transactions involving new issue securities, and (ii) subject a municipal advisor that is not a dealer to the CUSIP requirement, subject to certain conditions.