The Financial Services Institute, the Investment Company Institute, the Insured Retirement Institute and SIFMA urged passage of the bipartisan Financial Exploitation Prevention Act, a bill which would permit companies "to postpone securities redemption if they suspect exploitation of seniors or individuals unable to protect their interests."

A crypto firm agreed to settle SEC claims for "intentionally and recklessly orchestrating one of the largest securities frauds in U.S. history." The firm and its founder agreed to pay $4.5 billion to settle the fraud claims.

An investment adviser settled SEC charges for misleading advertising on fund performance.

We recently saw in the US Regulatory Intelligence newsletter an interesting speech from the UK on how artificial intelligence (AI) could impact financial stability.

SEC Chair Gary Gensler and CFTC Chair Rostin Behnam advocated for annual budget increases to bolster cybersecurity, IT modernization and market oversight.