A homebuilding company settled charges that it defrauded investors. The SEC used satellite imagery to determine that the company inflated the number of homes built. The SEC alleged that the company overstated revenue by approximately $3.3 billion.

In a set of recommendations to Congress, the North American Securities Administrators Association emphasized protections for retail investors, seniors and securities markets, as well as the continued "empowerment" of state regulatory authorities.

The MSRB requested comments on draft rule amendments that would (i) clarify CUSIP number requirements for private placement transactions involving new issue securities, and (ii) subject a municipal advisor that is not a dealer to the CUSIP requirement, subject to certain conditions.

The SEC requested comments on a FINRA proposal to update cross-references and make non-substantive changes to certain rules in the FINRA Consolidated Rulebook.

The SEC Division of Economic and Risk Analysis and the NYU Salomon Center for the Study of Financial Institutions hosted a "dialogue" on Regulation Crowdfunding.