The SEC Division of Corporate Finance staff granted no-action relief to a Canada-based oil company which would allow it to conduct a tender offer in the United States in accordance with Canadian law.

A broker-dealer settled FINRA charges for (i) failing to disclose that various corporate and municipal bonds held by its customers were in default and (ii) failing to deliver a number of required disclosures to its customers.

The SEC opened a new comment period on a FINRA proposal to "treat a private residence at which an associated person engages in specified supervisory activities as a non-branch location."

House Republicans Jim Jordan (R-OH), James Comer (R-KY), Patrick McHenry (R-NC) and Tom Emmer (R-MN) criticized the SEC for "aggressively" enforcing recordkeeping laws on private businesses. The representatives found such enforcement "curious" given the agency's own failures to comply with federal transparency and recordkeeping laws.

A broker-dealer settled FINRA charges for failing to properly test the firm's AML compliance program.