The SEC approved a rule proposal establishing the obligation of a FINRA member to deliver an educational communication in connection with member recruitment practices and account transfers.

Four investment industry groups called for significant revisions to the SEC's proposed restriction of the use of derivatives by investment companies.

SEC Chair Mary Jo White examined the "evolving role" of mutual fund independent directors and posed questions they should ask concerning risk, oversight and enforcement.

The GAO urged Congress to consider changes in the structure of financial regulation to better (i) improve regulatory oversight, (ii) protect consumers and investors, and (iii) align the monitoring and assessment functions of the OFR with the FSOC to address systemic risk.

The CFTC consolidated and reorganized the text of the rule that governs adjudicatory proceedings and how personal service is made and completed.