Trade associations representing a variety of constituencies urged the SEC not to adopt a proposal that would expand requirements under the Custody Rule.

In a May 2023 Report, the Federal Reserve Board identified significant risks to the stability of the U.S. financial system.

A broker-dealer settled FINRA charges for failing to properly monitor outside brokerage accounts opened by its representatives.

A broker-dealer and a former representative settled FINRA charges for suitability and supervisory failings concerning recommendations involving Unit Investment Trusts and preferred stock of a real estate investment trust.

The SEC set a comment deadline of May 30, 2023 for an MSRB rule proposal to (i) extend remote office inspection relief until June 30, 2024 and (ii) remove references to expired pandemic-related relief for brokers-dealers and municipal securities dealers.The proposal was published in the Federal Register.