The SEC granted a temporary conditional exemption from "broker" status to allow municipal advisors to solicit certain types of potential investors in "direct placements" by municipal issuers.

A broker-dealer settled FINRA charges for failing to report transactions to the Trade Reporting and Compliance Engine in a timely manner.

The U.S. House Financial Services Subcommittee on National Security, International Development and Monetary Policy considered legislative proposals aimed at addressing fraud and cybersecurity vulnerabilities.

SEC Chair Jay Clayton asserted that the "effects of the COVID-19 pandemic weigh substantially in favor of implementing the Reg BI and Form CRS requirements as soon as practicable."

The U.S. Court of Appeals for the District of Columbia Circuit granted a petition for review and vacated an SEC Rule and related pilot program designed to test the effects of certain fees and rebate pricing models on the market.