The SEC proposed a new rule establishing minimum standards that investment advisers would be required to meet prior to outsourcing certain services or functions.

The securities exchanges that participate in the Consolidated Audit Trail withdrew proposed amendments to the CAT Reporter Agreement and the CAT Reporter Agent Agreement.

A broker-dealer settled FINRA charges for mislabeling and over-reporting securities transactions to the Trade Reporting and Compliance Engine.

CFPB Director Rohit Chopra intends to "activate a dormant authority" under the Consumer Financial Protection Act to give consumers control over the financial data they maintain with banks, and allow them to transfer their information to another financial institution.

The CFPB reviewed unanticipated overdraft fee assessment practices and concluded that surprise overdraft fees and surprise depositor fees are "likely unfair and unlawful under existing law."