The New York State Department of Financial Services adopted amendments to state cybersecurity program requirements applicable to entities that operate under a license or registration provided under New York Banking Law, Insurance Law or Financial Services Law.

The SEC adopted final rules implementing a framework for registering and regulating security-based swap execution facilities.

The North American Securities Administrators Association introduced the Investment Adviser Representative Exam Validity Extension Program.

The CFTC reported that over the past fiscal year, it granted seven applications totaling approximately $16 million in cases in which individuals voluntarily provided original information that led to successful enforcement actions.

The SEC charged several individuals for perpetrating a "free-riding" scheme involving the fraudulent use of instant deposit credit extended by certain broker-dealers.