An investment adviser and its Chief Compliance Officer settled SEC charges for disproportionately allocating profitable trades to the officer's personal account while allocating unprofitable trades to client accounts.

A broker settled FINRA charges for improperly expensing overtime meals without meeting the required criteria for reimbursement.

The New York Stock Exchange modified its definition of "reverse merger" to exclude specific de-SPAC transactions from its rule on listing reverse merger companies.

A broker-dealer settled FINRA charges for supervisory failures relating to Regulation Best Interest, Form CRS obligations, and supervisory control testing.

SEC Commissioner Mark T. Uyeda reported progress on two major initiatives affecting U.S. capital markets: implementing mandatory Treasury clearing and facilitating securities tokenization.