A broker-dealer settled FINRA charges for overstating the projected yield and annual income for nine money market funds on customer account statements.

The OCC updated its guidance for examiners on assessing a bank's liquidity risk management practices.

The House Financial Services Committee approved a bill that would codify expiring SEC no-action relief that (i) excludes broker-dealers who are compensated for research services from the definition of "investment adviser" and (ii) allows broker-dealers to continue accepting payments for research reports in order to comply with international regulations, including MiFID and MiFID II.

The SEC granted an extension of the temporary exemptive relief previously issued to national securities exchanges and national securities associations to facilitate settlement negotiations concerning Consolidated Audit Trail National Marketing System Plan amendments.

Senate Banking Committee Member Bill Hagerty (R-TN) and House Financial Services Committee Chair French Hill (R-AR) questioned the SEC about a letter from its Investor Advisory Committee stating that “virtually all, if not all, crypto tokens are securities.”