The SEC’s Division of Enforcement updated its Enforcement Manual to "enhance consistency and uniformity" and "create greater efficiencies." The revisions formalized new safeguards, clarified investigative procedures, and provided for annual reviews and updates going forward.

In a new report, the MSRB concluded that the decline in the number of municipal securities dealers since 2016 has not resulted in materially increased market concentration, but instead reflects changes in trading structure and activity.

Senate Democrats accused National Economic Council Director Kevin Hassett of undermining the Federal Reserve's independence by suggesting that Fed researchers be disciplined for a study finding that "American consumers and businesses are bearing the economic burden of President Trump’s chaotic tariffs."

Senate Banking Committee Ranking Member Elizabeth Warren urged President Trump to "use his leverage and push a bill through Congress" to cap credit card interest rates.

FINRA suspended a broker for participating in an undisclosed private securities transaction with a firm customer.