A firm settled FINRA charges for supervisory deficiencies concerning the use and dissemination of consolidated reports. FINRA stated that consolidated reports present a summary of a customer's financial assets, including those held outside the firm.

The CFTC named Paul G. Hayeck to be the Acting Director of the Division of Enforcement.

The US Supreme Court declined to hear a constitutional challenge to FINRA's disciplinary process brought by Alpine Securities Corp., a broker-dealer facing expulsion. The decision leaves in place a DC Circuit ruling that bars FINRA from enforcing expulsions without prior SEC review. In response, FINRA proposed rule changes to delay the effectiveness of severe sanctions until SEC review is completed or waived.

CFTC Commissioner Kristin N. Johnson called for stronger third-party risk management and cyber preparedness as advances in AI pose increasing risks.

The North American Securities Administrators Association recommended changes to the House bill on digital asset market structure to ensure that state securities regulators continue to play their "critical" role in the "dual system of securities regulation in the United States."