FTC proposed the "Non-Compete Clause Rule," which would prohibit employers from (i) entering into, or attempting to enter into a non-compete clause and (ii) representing to employees that they are subject to a non-compete clause.

A broker-dealer settled FINRA charges for failing to detect a pre-arranged and manipulative trading pattern involving municipal securities trades between two institutional customers.

The U.S. Treasury Department Office of Financial Research proposed requiring certain broker-dealers, government securities broker-dealers (including banks), other financial companies and investment advisers to submit daily trade and collateral information on their outstanding non-centrally cleared bilateral repurchase agreement transactions.

Several trade associations highlighted concerns about an SEC proposal to establish minimum standards for investment advisers before outsourcing certain services or functions.

Based on an ISDA survey of an SEC proposal to require Fixed Income Clearing Corporation members to centrally clear repo transactions in Treasury securities, ISDA said market participants generally supported voluntary clearing, but few supported broad clearing mandates.