In testimony before the Senate Banking Committee at a hearing on his nomination for a second term, Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, concluded that the economy no longer needs the highly accommodative policies in place to deal with the pandemic and the aftermath.
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FINRA proposed extending temporary rules allowing remote office inspections through calendar year 2022.
The SEC is seeking comment on a FINRA-proposed modification to its previously proposed rule to amend requirements for customer account statements.
The FDIC issued a final rule that includes an additional business relationship that meets the "primary purpose" exception to the definition of "deposit broker" under the Federal Deposit Insurance Act.
An issuer settled SEC charges for material misstatements and omissions in public filings concerning "the independence of members of its board of directors, the independence of board committees, and the existence of interlocking relationships between its directors and executive officers."