The Supreme Court found that "tippees" who trade on material non-public information may be found criminally liable even when there is no evidence of a pecuniary or tangible benefit to the insider who delivered the tip.

United Airlines settled charges with the SEC for failing to follow its own compliance policies and procedures designed to prevent corrupt practices.

The MFA endorsed the guidance prepared by the European Securities and Markets Authority on the calibration, publication and reporting of trading halts. The MFA also endorsed the benefits of the SEC's proposed amendment to the securities transaction settlement cycle.

Executive action takes a wide variety of forms, including executive orders, discretionary agency directives and enforcement decisions. A new memorandum on the subject focuses on the ability of President-elect Trump to reshape policy through the use of various forms of executive action.

Several financial industry trade associations filed a joint letter with the CFTC requesting a six-month extension of the comment period for the supplemental proposal to Regulation AT.