SEC Chair Mary Jo White responded to the Senate Banking Committee's letter cautioning federal agencies to postpone the finalization of pending rules during the last days of the departing administration.

FINRA proposed amendments to its rules that would clarify the definitions of "Auction Transaction" and "When-Issued Transaction" for purposes of reporting transactions in U.S. Treasury Securities to the Trade Reporting and Compliance Engine.

FINRA proposed a series of amendments that would conform its rules to the SEC-proposed amendment to shorten the standard settlement cycle for most broker-dealer transactions.

SIFMA urged the SEC to adopt a proposal to shorten the settlement cycle for most broker-dealer transactions from three business days after the trade date ("T+3") to two ("T+2").

FINRA Enforcement Chief J. Bradley Bennett will leave FINRA in the early part of the coming year. Deputy Head of Enforcement Susan Schroeder has been named the Acting Head of Enforcement.