Senate Democrats urged Financial Stability Oversight Council Chair Scott Bessent to investigate the systemic risks posed by the artificial intelligence industry's rapid accumulation of debt.

A broker settled FINRA charges for failing to comply with Regulation Best Interest by recommending customers use commission-based accounts for a short-term strategy when lower-cost fee-based options were available.

Two affiliated investment advisers settled SEC charges for including misleading liability disclaimers in advisory agreements and for failing to subject client assets to independent verification.

A firm settled FINRA charges for failing to supervise recommendations of non-traditional exchange-traded funds and failing to file private placement offering materials.

The Federal Deposit Insurance Corporation "adopt[ed] revised guidelines for Appeals of Material Supervisory Determinations to replace the existing Supervision Appeals Review Committee with an independent, standalone office to consider and decide supervisory appeals."