The SEC charged a Canadian attorney with selling billions of penny stock shares on behalf of others without registering with the SEC as a broker.

The Internal Revenue Service and the Treasury Department issued proposed rules for the stock buyback tax for large corporations. The two Notices of Proposed Rulemaking involve the stock buyback or "repurchase" excise tax that was included in the Inflation Reduction Act of 2022.

A jury found a biopharmaceutical company employee liable for insider trading. In a Complaint brought in the U.S. District Court for the Northern District of California, the SEC alleged that the employee used confidential information about an impending announcement of the acquisition of his then-employer, to trade ahead of the news.

A broker-dealer settled NYSE charges for failing to maintain the required minimum net capital and failing to preserve business communications.

Senate Banking Committee Ranking Member Tim Scott (R-S.C.) introduced a joint resolution to overturn the CFPB's rule capping credit card late penalties.