The Board of Governors of the Federal Reserve System requested comments on proposed guidance related to supervisory expectations for large financial institutions' risk management practices.

The North American Securities Administrators Association warned investors about the risks associated with Initial Coin Offerings and other cryptocurrency-related investment products.

A former executive at a transition management company agreed to pay a $975,000 fine in addition to a lifetime securities industry bar for his role in a fraudulent scheme to hide from clients significant overcharges for execution of trade orders.

A banker was convicted for his role in a scheme to engage in financial transactions for the Government of Iran and for evading U.S. sanctions.