In a study funded by FINRA's Investor Education Foundation, researchers found that financial overconfidence (i.e., high confidence in an individual's financial knowledge relative to their actual financial literacy) may result in excessive financial risk-taking.

A financial institution settled OFAC charges for processing transactions in violation of the Ukraine-Related Sanctions Regulations.

The DOJ charged two North Korean nationals and a Malaysian national with conspiracy to (i) violate North Korean Sanctions Regulations, (ii) launder funds, and (iii) violate the federal bank fraud statute.

The SEC adopted a final rule that will rescind Industry Guide 3 concerning the statistical disclosures that banking entities and bank holding companies provide in their registration statements. The new rule replaces Guide 3 with a new Subpart 1400 to Regulation S-K, the SEC's general regulation governing disclosure.

The Alternative Reference Rates Committee updated its recommendations for swaptions that may be impacted by the shift in discounting rates used by clearinghouses.