An investment adviser settled SEC charges for breach of fiduciary duty in connection with its affiliates' receipt of third-party compensation related to the sale of shares in mutual funds.

A Hong Kong-based offshore trading and cross-border financing company settled its potential civil liability for apparent violations of the Iranian Transactions and Sanctions Regulations.

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.

FINRA proposed extending temporary rules allowing remote office inspections through calendar year 2022.