The U.S. Department of Labor proposed amending the "Investment duties" requirement under the Employee Retirement Income Security Act of 1974 to clarify that fiduciaries must make investment decisions based solely on risk-adjusted economic value.

The Supreme Court ruled in a 5-4 decision that the CFPB leadership structure violates the constitutional principle of separation of powers.

The MSRB modified several rules to align with Regulation Best Interest.

A firm engaged in municipal securities transactions settled FINRA charges for reporting failures regarding the MSRB's Short-Term Obligation Transparency System.

ISDA, the Asia Securities Industry and Financial Markets Association, the FIA, the Global Foreign Exchange Division and the Global Financial Markets Association recommended significant reforms to the European Union Benchmarks Regulation.