In separate hearings, the Senate Banking Committee and the House Financial Services Committee heard testimony from CEOs of the largest U.S. banks on a broad range of public policy and compliance matters.

Deputy Assistant AG of the Antitrust Division Andrew Forman stated that although transaction filings have significantly increased in recent years, the DOJ must remain ready to investigate and potentially litigate all transactions believed to be in violation of federal antitrust laws.

A broker-dealer settled FINRA charges for failing to (i) implement reasonably designed AML policies, (ii) identify and respond to potentially manipulative trading and (iii) establish sufficient market access controls and procedures.

FINRA proposed amendments to update references to the new arbitrator list selection process in the Codes of Arbitration Procedure.

SIFMA criticized FINRA's proposal to require daily trade reporting for OTC options transactions, saying that it lacked regulatory clarity as to its scope and would leave broker-dealers ill-equipped to timely implement any changes necessary for compliance.