The CFTC Global Markets Advisory Committee advanced recommendations on: (i) the use of U.S. Treasuries as margin collateral, (ii) the securities market's move to T+1 securities settlement and (iii) a digital asset taxonomy.

An SEC final rule expanding the definition of "broker-dealer" under the Securities Exchange Act was published in the Federal Register.

A footwear company settled with the SEC for failing to make required disclosures of related person transactions in its annual reports and proxy statements.

The Chamber of Commerce, the American Bankers Association, the Consumer Bankers Association and two Texas business groups challenged the CFPB on the recently adopted final rule restricting credit card penalty fees.

FINRA executives highlighted risks firms face with generative AI and large language models and how FINRA is approaching these challenges.