Representative Josh Gottheimer (D-NJ) introduced a bill that would establish a "Senior Investor Taskforce" within the SEC to protect senior investors from fraud.
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The U.S. Senate Committee on Banking, Housing and Urban Affairs considered testimony on how federal banking agencies are using non-binding guidance in regulatory, examination and enforcement practices.
The Office of the Comptroller of the Currency requested comments on an "Innovation Pilot Program" designed to support "responsible innovation" among financial institutions.
The SEC Office of Investor Education and Advocacy clarified that the SEC "never 'approves' an offering" of securities to investors.
FINRA outlined the steps member firms should take to monitor and respond to the increasing frequency of imposter websites created to defraud clients.