The SEC reported that Chair Gary Gensler will step down from the Commission effective at 12:00 pm on January 20, 2025.

In a Consultation Report, the International Organization of Securities Commissions warned of the rise of "finfluencers"—social media users who share investment-related content—who may spread misleading information online. IOSCO requested comment on its proposed guidance.

In testimony before the House Financial Services Committee, Acting Comptroller of the Currency Michael J. Hsu reported that the "overall condition of the federal banking system remains sound."

A firm settled Nasdaq Stock Market LLC charges for failing to meet its "continuous two-sided trading interest during regular market hours" obligations.

Before the House Financial Services Committee, FDIC Chair Martin Gruenberg testified that state-chartered banks continue to show signs of "resilience" in response to challenges caused by, among other things, the 2023 failures of large regional banks and concerns over the use of third-party custodial deposit arrangements.