SEC Chair Gary Gensler identified areas of noncompliance in the securities markets, advocating for holding bad actors accountable by "prosecut[ing] dishonesty."

SEC Division of Enforcement Director Gurbir S. Grewal emphasized the importance of "proactive compliance" amid the "significant decline" in public trust in the financial markets and institutions.

An investment adviser settled charges with the SEC for inaccurately describing investments in periodic reports.

The FDIC proposed amendments to the Federal Deposit Insurance Act to allow certain individuals who have prior convictions to work for FDIC-insured financial institutions.

The OCC, the Federal Reserve Board and the FDIC adopted a new framework for the implementation of the Community Reinvestment Act.