The U.S. Court of Appeals for the Ninth Circuit reversed a District Court decision on remedies. The Ninth Circuit remanded the case with instruction for further consideration of penalties imposed on defendants accused of defrauding foreign investors seeking to obtain U.S. visas through the EB-5 Immigrant Investor Program.

The SEC outlined an updated nomination process for appointment to the Investor Advisory Committee.

The SEC approved an MSRB proposal to amend Board Membership and Board Committee rules to improve MSRB governance and transparency.

A consumer loan company settled SEC charges for violating anti-bribery, books and records, and internal accounting controls provisions under the Foreign Corrupt Practices Act.

FINRA reminded broker-dealers to evaluate their LIBOR exposures and prepare for LIBOR cessation.