A broker-dealer settled FINRA charges for failing to (i) reasonably monitor, investigate and act upon red flags concerning variable annuity exchange recommendations and (ii) monitor use of external email and preserve business-related emails.

The North American Securities Administrators Association urged Congress to oppose the proposed JOBS Act 4.0 legislation asserting that many of its provisions would adversely impact the capital markets for public securities offerings.

CFTC Commissioner Christy Goldsmith Romero identified cybercrime and climate risk as severe threats to financial markets and called for collaborative action to strengthen resiliency in both areas.

In an FIA and SIFMA Asset Management Group flash poll conducted in January 2023, the associations found that - largely due to the regulatory environment - members expect further consolidation in the derivatives industry and a decrease in product offerings.