A California-based broker-dealer settled FINRA charges for failing to maintain adequate supervisory protocols regarding outside business activities and private securities transactions and for failing to comply with a FinCEN mandated audit.

In a speech at the Securities Enforcement Forum West Conference, SEC Enforcement Director Gurbir S. Grewal decried defense counsel tactics and behavior that inappropriately delays or obstructs SEC investigations.

Industry groups, regulators and elected officials submitted feedback on the SEC's proposed disclosure requirements regarding cybersecurity risk management, governance, strategy and incident reporting by public companies.

The U.S. House Committee on Agriculture (i) considered a proposal by FTX - a registered derivatives clearing organization - to expand its services and (ii) examined trends in new clearinghouse models.

The SEC extended the comment deadline to June 17, 2022 for its proposed rule on climate-related disclosures.