SEC Division of Examinations Acting Director Keith E. Cassidy urged clear communication and transparency between the Division and registrants to address pressing compliance challenges facing the financial industry during this time of rapid change.

SEC Commissioner Hester M. Peirce criticized the SEC for "regulatory prejudice against new products," which undermines the agency's role in fostering financial technology innovation and providing investment options to the public.

FINRA provided a primer on the system for classifying global equity market sectors to help investors make informed choices regarding mutual funds, ETFs and other equity investments.

A firm settled FINRA charges for improperly pursuing state court litigation in disputes involving former associated persons and their employer, rather than pursuing arbitration, as required by the FINRA Rules.

FINRA provided the due dates for Annual Report, FOCUS Report, Form Custody and supplemental FOCUS Report filings that are due in 2025 or the first quarter of 2026.