President Biden signed an Executive Order to combat the escalating threat of transnational organized crime.

The CFPB ordered five companies to provide information regarding their "buy now, pay later" credit programs. The CFPB expects to publish findings on the risks of these programs concerning accumulation of debt, regulatory arbitrage and data harvesting.

A broker-dealer settled SEC charges for (i) the offer and sale of unregistered microcap securities, and (ii) failure to file suspicious activity reports for transactions it executed as agent for one of its offshore customers.

The SEC issued a second no-action letter to FINRA providing relief to member firms that do not comply with Exchange Act Rule 15c2-11 concerning fixed income securities until dates beginning on January 3, 2022, and staggered in three phases.

Hong Kong and China were designated as jurisdictions where the Public Company Accounting Oversight Board is incapable of full inspections or investigations.