The Investment Adviser Association ("IAA") reported early lessons from advisers under the SEC's amended Regulation S-P, the data-privacy and data-security rule.

The SEC formally opened a proceeding to determine whether to approve a FINRA proposal to grant an exemption from FINRA Rule 5130 and FINRA Rule 5131(b) to collective trust funds so that the funds may buy shares in initial public offerings.

FINRA asked for comments on a proposal to amend Rule 2210 (Communications with the Public) so as to delete many of the fixed conditions of the rule and replace them with principles that firms would decide how to implement.

The CFTC blocked a new NYMEX crude oil futures contract designed to trade around the clock and opened a proceeding into whether the exchange's self-certification was false.

SEC Chair Paul Atkins said he wants to refocus corporate disclosure on material information and rethink the rule on shareholder-initiated proxy proposals.