University of Houston Finance Professor Craig Pirrong asserted that bipartisan support for restoring the Glass-Steagall Act is "wholly misguided."

FINRA reminded member firms of new FINRA Rule 4554, which requires alternative trading systems to submit additional order information to FINRA.

FINRA fined an investment bank $12.5 million for significant supervisory failures related to the dissemination of non-public research and trading-related information over internal speakers known as "squawk boxes."

State regulators announced a $100 million, 44-state settlement with a bank for fraudulent and anticompetitive conduct involving the manipulation of the U.S. Dollar London Interbank Offered Rate and other benchmark interest rates.

Delta Strategy Group summarized industry member and regulator comments made at a recent Equity Market Structure Advisory Committee ("EMSAC") meeting. The meeting focused on recommendations proposed by EMSAC's subcommittees on Market Quality and Customer Issues.