A financial services firm and its parent company agreed to pay a $120 million penalty to settle CFTC charges that it submitted false reports in an attempt to manipulate a global benchmark for interest rate products.

The Board of Governors of the Federal Reserve System extended the comment period for a proposal that would enhance risk-based capital requirements for financial holding companies engaged in physical commodity and merchant banking investment activities.

The SEC requested comments on a FINRA proposal that requires alternative trading systems to include additional order sequence information on reports submitted in the Order Audit Trail System.

President Obama signed the SEC Small Business Advocate Act of 2016 into law.

FINRA proposed the elimination of fees for historical trade data accessed through the Automated Data Delivery System website.