An aerospace products manufacturer settled SEC charges for violations of rules on financial reporting, accounting, internal controls and disclosure procedures.

A nonpartisan public policy organization, the Center for Audit Quality, criticized the pace of the Public Company Accounting Oversight Board's standard setting activities, arguing that the PCAOB should take into consideration "the cumulative impact of [its] activities on smaller and medium-sized firms."

An introducing broker-dealer settled FINRA charges for including confidentiality provisions in settlement agreements that could impede investigations by regulatory agencies.

The FDIC approved a deposit insurance application submitted by Thrivent Financial for Lutherans to create Thrivent Bank, a proposed chartered industrial bank headquartered in Salt Lake City, Utah.

In another article in the AI and financial regulation series, we briefly report on events in Australia.