The SEC's new Enforcement Division Director will bring fewer cases, but more consequential ones. He said the Division would get back to basics by targeting offering frauds, accounting and disclosure violations, insider trading and market manipulation.

FINRA proposed rule changes to (i) expand the positions counted as short interest, (ii) shift short interest reporting from bimonthly to weekly, and (iii) require clearing firms to submit monthly reports of their daily allocations of fail-to-deliver positions to correspondent firms.

FINRA proposed rule changes to broaden how affiliated broker-dealers identify and report certain principal transactions under the Trade Reporting and Compliance Engine.

CFTC Chair Michael S. Selig highlighted the increasing necessity of collaboration between the SEC and CFTC, and announced the agencies expect to issue joint requests for comment on portfolio margining and swap data reporting.

The Senate Banking Committee summarized provisions of the Digital Asset Market Clarity Act. The Committee is scheduled to markup the bill on May 14.