An advisory firm and its Toronto-based hedge fund manager agreed to reimburse $2.877 million in investors' losses in order to settle charges of making misleading claims about a fund's strategy and performance.

FINRA solicited comments on fund portal rules that were revised by Amendment No. 1.

The SEC charged a CEO with raising at least $1.5 million through stock offerings, notes and debentures without being registered as, nor associating with, a broker-dealer.

In a 2015 Annual Report to Congress, the Office of Financial Research analyzed potential threats to U.S. financial stability, documented progress and reported key research findings.

CFTC Chair Timothy Massad signed a memorandum of understanding with the Bundesanstalt für Finanzdienstleistungsaufsicht and Deutsche Bundesbank. The MOU concerns mutual cooperation and the exchange of information in the supervision and oversight of clearing organizations that operate on a cross-border basis in the United States and Germany.