The SEC brought charges against an investment adviser for allegedly (i) "cherry-picking" profitable trades for his own accounts and (ii) misleading senior clients and others about fees and risks.

The NFA barred an introducing broker from membership permanently for failing to (i) maintain required minimum adjusted net capital, (ii) keep current and accurate books and records, and (iii) supervise its employees adequately.

The SEC requested comments on a proposal to shorten the standard settlement cycle for most securities transactions from three to two business days. The request for comments was published in the Federal Register.

Economists at the Federal Reserve Bank of New York considered the "$10 billion threshold" imposed by Dodd-Frank Act regulation, and its "implications for size-based bank regulation."

The IOSCO Growth and Emerging Markets Committee issued a final report in which it examined "key topics" of corporate governance including board composition, remuneration and risk management.