A prediction market operator was sued by the New York Attorney General for allegedly running a gambling business in the state by offering wagers on sports, elections, and cultural events without a license from the New York State Gaming Commission.

A broker-dealer settled FINRA charges for failing to maintain an anti-money laundering program reasonably designed to detect and report suspicious transactions.

The SEC approved FINRA amendments that change the valuation method for underwriting compensation and expand filing exemptions for private placements.

The SEC approved a FINRA rule change expanding the TRACE non-member affiliate-principal transaction indicator to also cover transactions between FINRA member affiliates, letting FINRA suppress from public dissemination inter-affiliate trades that duplicate pricing already reported in a member's trade with an unaffiliated counterparty.

The OCC, the FRB, and the FDIC issued a revised Community Bank Compliance Guide explaining changes to the Community Bank Leverage Ratio framework for qualifying community banking organizations with less than $10 billion in total consolidated assets.