The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System and the FDIC requested comments on a proposed rule that would implement a net stable funding ratio requirement for large and internationally active banking organizations. Their request for comments was published in the Federal Register.

The SEC solicited comments on the MSRB's proposed amendments concerning close-out procedures for municipal securities. The SEC request for comments was published in the Federal Register.

The SEC announced that Securities Exchange Act Rule 15b12-1 will expire on July 31, 2016. From that point on, only CFTC-registered futures commission merchants (that are not registered dually with the SEC as broker-dealers), retail foreign exchange dealers and certain banks may serve as counterparties in retail forex transactions.

The SEC charged an investment banker and his "close friend," a plumber, with insider trading.

The MSRB will release its permanent Municipal Advisor Representative Qualification Examination on September 12, 2016.