A broker-dealer settled FINRA charges for failing to establish, document, and maintain a system of risk management controls and supervisory procedures to manage the financial risks of its direct market access business activity.

FinCEN alerted financial institutions to indicators of COVID-19-related cybercrime. The alert concerns (i) the exploitation of remote platforms, particularly against financial and healthcare systems, (ii) phishing, malware and extortion schemes, and (iii) business email compromise fraud.

FINRA published an FAQ concerning broker-dealer personnel hosting a virtual entertainment event or video meeting with employees of institutional customers or third-party broker-dealers where food and beverage will be provided.

The Cabinet Regulatory Tracker is a list of upcoming comment deadlines and effective dates.

ISDA and several other associations confirmed their joint commitment to moving financial markets toward a "digital future."