In connection with a recent bank settlement for AML compliance violations, Senator Elizabeth Warren criticized the DOJ for (i) failing to hold the corporate executives involved accountable and (ii) allowing banking regulators to shift liability to the bank's holding company.

Two affiliated firms settled SEC enforcement actions for (i) inadequate disclosures to investors, (ii) breach of fiduciary duty, (iii) entering into prohibited joint transactions and principal trades and (iv) Regulation Best Interest failures.

A broker-dealer and its Chief Compliance Officer settled FINRA charges for inaccurate public disclosures on order routing practices and gaps in the firm's AML program.

FINRA reminded broker-dealers and investment advisers on upcoming registration renewal fee payment deadlines.

FDIC Chair Martin J. Gruenberg considered US and European experiences with deposit insurance and potential reforms to strengthen financial stability.