The SEC proposed to rescind the investment adviser "pay-to-play" rule, which bars advisers from providing compensated services to a government client for two years after making a political contribution to certain elected officials or candidates.

The SEC approved a FINRA rule change that allows broker-dealers to process bulk order allocations from investment advisers without principal approval, regardless of when the allocation instructions are received.

In a report, the Financial Action Task Force found that underground banking, hawala, and other similar service providers are increasingly operating as highly professionalized, cross-border money laundering networks.

The SEC proposed designating debt obligations issued by the European Union as exempted securities, placing futures contracts on the debt under the CFTC's exclusive jurisdiction.

The SEC and the Food and Drug Administration entered into a three-year memorandum of understanding establishing formal channels for the two agencies to share designated nonpublic information regarding FDA-regulated companies and their products.