SIFMA published a guide for industry members on the Consolidated Audit Trail reporting requirements.

Facebook agreed to pay a $5 billion fine to the FTC and the DOJ to settle claims that the company engaged in deceptive business practices by failing to give notice to customers before sharing information with third parties.

The SEC named Emily Westerberg Russell as the new Chief Counsel of the Division of Trading and Markets. Ms. Russell was responsible for developing key components of the recently adopted Retail Best Interest rulemaking package.

OFAC amended the Global Terrorism Sanctions Regulations, the Transnational Criminal Organizations Sanctions Regulations and the Hizballah Financial Sanctions Regulations.

The MSRB proposed to amend interpretive guidance on certain disclosure obligations related to municipal securities and municipal advisory activities.