The SEC charged three individuals for using "a network of unregistered sales agents to conduct illegal, unregistered, and fraudulent offerings of securities." The SEC alleged that the individuals sold "interests in investment vehicles that purportedly gave investors access to shares" of pre-IPO companies.

SEC Commissioner Hester Peirce framed the challenges facing SEC Investor Advisory Committee members as they debate emerging issues on the intersection of technology and investing.

In a Cybersecurity Advisory, FINRA reminded members of their obligations to comply with recent amendments to Regulation S-P "to ensure their cybersecurity programs are modified, as needed."

Secretary of the Treasury, Janet Yellen, reviewed the opportunities and risks associated with the use of AI in the financial sector and said the issue has "move[d] toward the top of Treasury's and the Financial Stability Oversight Council's agendas."

The Global Markets Advisory Committee approved (i) a report with recommendations examining the "harmful impact" of the Basel III proposals on the derivatives markets; and (ii) recommendations to "support and facilitate industry implementation of the BCBS-IOSCO [framework] for streamlining of variation margin practices."