A broker-dealer settled FINRA charges for failing to adequately supervise a registered representative who engaged in unsuitable and excessive trading in the accounts of senior customers.

A CFTC final rule delaying the compliance date for "Phase Six" of the initial margin requirements from September 1, 2021 to September 1, 2022 was published in the Federal Register.

FinCEN advised financial institutions on recent updates to the Financial Action Task Force list of jurisdictions with strategic AML deficiencies.

The Federal Reserve Board reported on the strength of the banking system and the economic impact of the pandemic on borrowers.