The SEC Staff Standards of Conduct Implementation Committee concluded that broker-dealers and investment advisers are complying with content and format requirements on Customer Relationship Summaries.

A broker-dealer settled FINRA charges for failing to follow firm written anti-money laundering procedures that required monitoring for red flags of potentially suspicious activity.

An investment adviser settled SEC charges for failing to disclose that: (i) the adviser's parent company paid a teachers' union-owned for-profit entity to promote the adviser's services to teachers; and (ii) the adviser received financial benefits as a direct result of investment recommendations that were more expensive than other options available to clients.

SIFMA requested that FINRA allow member firms to rely on remote branch inspection programs for the duration of the COVID-19 pandemic.

ISDA published its first "Risk Free Rates Adoption Monthly Indicator." The new report tracks how much trading activity is being conducted "in cleared over-the-counter and exchange-traded interest rate derivatives that reference the identified risk-free rates in six major currencies."