Allison H. Lee was sworn in as SEC Commissioner.

A broker-dealer settled FINRA charges of failure to "establish, maintain and enforce a sufficient supervisory system ... reasonably designed to achieve compliance with applicable securities laws and regulations."

A former general securities representative settled FINRA charges for unauthorized trading and discretionary decision-making in the accounts of two elderly customers.

The SEC and FINRA addressed issues concerning the application of customer protection, recordkeeping and reporting rules to digital asset securities and transactions.

SEC Chair Jay Clayton highlighted the benefits of settlement agreements and announced a change in the agency's approach to contemporaneous settlement offers and waiver requests.