The SEC announced new SRO rule changes and proposals for the week of May 8 to May 12, 2017.

The Managed Funds Association urged the SEC to adopt an approach that "protects investors, enhances regulatory coordination, promotes market transparency and increases market fairness and efficiency."

A hedge fund agreed to settle insider trading charges and beneficial ownership reporting violations.

At the 2017 FINRA Annual Conference, FINRA President and CEO Robert Cook emphasized the need for regulators to adapt to an evolving financial industry.

FINRA proposed amending its trade reporting and compliance engine ("TRACE") rules to offer an "End-of-Day TRACE Transaction File."